FxWirePro: EUR/NZD extends gains, faces 38.2%fib resistance

• EUR/NZD strengthened  on Monday as investors dumped  riskier assets on worries over U.S. President Donald Trump's upcoming announcement of extensive tariff plans on April 2.

• U.S. President Donald Trump is set to unveil reciprocal tariffs on April 2, with automobile tariffs scheduled to take effect the following day, April 3.

• On the data front, Germany's consumer price inflation eased to 2.3% in March, preliminary data showed, versus forecasts of 2.4% from economists  .

•Eurozone inflation data, scheduled for release on Tuesday, will be closely watched by traders and market participants.

• Technical signals show the pair could gain more ground in the short-term as RSI is at 65 bullish, daily momentum studies  5, 9 and 11 DMAs are trending  up.

• Immediate resistance is located at 1.9103 (38.2%fib), any close above will push the pair towards 1.9156(Higher BB).

• Strong support is seen at 1.8950(50%fib) and break below could take the pair towards 1.8830(61.8% fib )

Recommendation: Good to buy around 1.9030, with stop loss of 1.8950 and target price of 1.9120