• EUR/NZD dipped on Monday as investors tiptoed around the latest twists in U.S. trade policy,
• President Donald Trump on Monday renewed his criticism of the Supreme Court of the United States ruling that blocked his tariff plan, after announcing over the weekend that he would raise a temporary levy on all U.S. imports from 10% to the legal maximum of 15%.
• Markets are awaiting signals from a slew of Fed speakers this week that could further illuminate the policy path, and any updates on developments concerning the U.S. and Iran.
• The technical outlook remains bearish and points to eventual bigger gains, fourteen-day momentum is negative, reinforcing the scope for a bigger drop
• Immediate resistance is located at 1.9821(Higher BB), any close above will push the pair towards 1.9906(50%fib)
• Support is seen at 1.9725(50%fib) and break below could take the pair towards 1.9683(Lower BB)
Recommendation: Good to sell around 1.9810 with stop loss of 1.9900 and target price of 1.9720
