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FxWirePro: EUR/NZD positions for another climb, eyes 1.9400level

• EUR/NZD  rose higher on Friday as subdued risk appetite  and lower commodity prices  weighed on the risk-sensitive kiwi dollar.

• Tensions persisted in the Middle East a week after Israeli strikes drew Iranian retaliation, with the U.S. imposing fresh sanctions and Trump deferring action for two weeks. 

• European foreign ministers urged Iran to engage with the U.S. over its nuclear programme after high-level talks in Geneva about a potential new nuclear deal ended with little sign of progress.

• Technical indicators remain firmly bullish, with the RSI at 66 and the 50, and 100‑day momentum moving averages all trending higher.

• Immediate resistance is located at 1.9334(Daily high), any close above will push the pair towards 1.9527(38.2% fib).

• Immediate support is seen at 1.9249(50% fib) and break below could take the pair towards 1.9046(50DMA).

Recommendation: Good to buy on dips around 1.9300, with stop loss of 1.9220  and target price of 1.9400
 

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