FxWirePro: EUR/ NZD loses momentum but outlook is bullish

• EUR/NZD retreated slightly on Tuesday   as hope of Iran war de-escalation buoyed risk appetite.

·   Trump told the New York Post that the war against Iran won’t last "much longer" and that the Strait of Hormuz will reopen "automatically" after U.S. exit.

·  Defense Secretary Pete Hegseth said the coming days will be decisive, said the U.S. has carried most of the burden against Iran, and declined to reaffirm America’s NATO defense commitment, deferring to President Trump.

• On the data front,Euro zone inflation rose above the ECB’s 2% target on higher energy costs, but a smaller-than-expected increase and easing core inflation cloud the outlook for policymakers..

• Euro zone inflation rose to 2.5% in March from 1.9%, below the 2.6% forecast, as energy costs climbed 4.9%.

• Immediate resistance is located at 2.0121(50%fib), any close above will push the pair towards 2.20267 (38.2%fib).

• Immediate support is seen at 2.0000  (Psychological level) and break below could take the pair towards 1.9887(61.8%fib).

 Recommendation: Good to sell around 2.0050  with stop loss of 1.9950   and target price of 2.0120