• EUR/NZD eased slightly on Monday as investors awaited Donald Trump's return to the White House for fresh insights on his stance on tariffs and international relations..
• On the macro front, German producer prices rose less than expected in December, increasing by 0.8% on the year.
• The World Economic Forum (WEF) in Davos, Switzerland, where global political, business, and financial leaders gather, is another major event to watch this week.
• Technical signals are bullish as RSI is at 52, daily momentum studies 14, 21 and 30 DMAs are trending up.
• Immediate resistance is located at 1.8448 (23.6%fib), any close above will push the pair towards 1.8521 (Higher BB).
• Support is seen at 1.8319 (38.2%fib) and break below could take the pair towards 1.8269(50%fib)
Recommendation: Good to buy around 1.8350, with stop loss of 1.8200 and target price of 1.8450
