• EUR/NZD rose on Thursday as investors reacted to weaker U.S. economic data and a court ruling blocking most of President Trump's tariffs.
• Data showed that the number of Americans filing new applications for unemployment benefits increased more than expected last week.
• A second reading from the Commerce Department showed gross domestic product contracted 0.2% in the first quarter.
• Investors are now bracing for a showdown over President Trump's tariff plans after a U.S. trade court blocked most of the proposed levies on Wednesday.
•Immediate resistance lies at 1.9217 (38.2%fib ), a close above could push the pair toward 1.9303(April 30th high).
•Support is at 1.9005 (SMA5), and a break below this may lead the pair down to 1.8917(50%fib ).
Recommendation: Good to buy around 1.9000, with stop loss of 1.8900 and target price of 1.9100
