FxWirePro: EUR/NZD maintains bullish bias with focus on 2.0650

• EUR/NZD strengthened on Thursday as the U.S. government reopening lifted investor optimism.

• President Donald Trump signed a bill late Wednesday to conclude the government shutdown, enabling federal departments to restart the collection of key data for policy decisions.

•  The resolution paves the way for the release of delayed U.S. economic data, although the White House warned that October’s employment and inflation figures might still be unavailable due to the extended shutdown.

• On the data front, Euro zone industrial production rose much less than expected in September, with strong results in major economies offset by volatility among large foreign firms based in Ireland for tax reasons.

• Industrial output in the Eurozone rose 0.2% month-on-month in September 2025, a modest rebound from August’s revised 1.1% fall, yet below forecasts for 0.7% growth.

• Immediate resistance is located at 2.0610(23.6%fib), any close above will push the pair towards 2.0625(Higher BB).

• Immediate support is seen at 2.0462 (Daily low) and break below could take the pair towards 2.0325(SMA 20).

Recommendation: Good to buy on dips around 2.0530 with stop loss of 2.0460 and target price of 2.0650