•EUR/NZD edged higher on Thursday as market absorbed Eurozone unemployment rate and German Inflation data.
•Eurozone jobless rate stayed at a record low in June, signaling steady growth despite global trade tensions, Eurostat data showed Thursday.
•The euro zone's unemployment rate stayed at 6.2% in June, unchanged from a revised May figure, while the EU rate held at 5.9%.
• German inflation eased more than expected in July, falling to 1.8% year-on-year, according to preliminary data from the federal statistics office on Thursday—signaling further relief in price pressures across Europe's largest economy.
• The German data comes ahead of the euro zone inflation release on Friday. Inflation in the bloc is expected at 1.9% in July down from 2.0% in the previous month, according to economists.
• Immediate resistance is located at 1.9508(SMA 20), any close above will push the pair towards 1.9606(38.2% fib).
• Support is seen at 1.9314(50% fib) and break below could take the pair towards 1.9260 (Lower BB )
Recommendation: Good to sell around 1.9410, with stop loss of 1.9480 and target price of 1.9340
