FxWirePro: EUR/NZD positions for another climb, eyes 2.0100 level

• EUR/NZD   advanced on  Friday as Kiwi dollar weakened as traders remain concerned about the economic impact of the expanding conflict in the Middle East. 

• Markets remained on edge at the end of a volatile week as Donald Trump again extended the deadline for potential strikes on Iran’s energy facilities, while conflicting signals from Washington and Tehran clouded prospects for diplomatic progress.

• The Pentagon is weighing deploying up to 10,000 additional troops, dampening hopes for a near-term end to the war."

• Iran’s Islamic Revolutionary Guard Corps reiterated it will continue efforts to disrupt shipping through the Strait of Hormuz, a critical waterway that handles roughly one fifth of global oil and gas exports, heightening.

•  Immediate resistance is located at 2.0110 (50%fib), any close above will push the pair towards 2.0146( Higher BB).

• Immediate support is seen at 1.9959 (Dily low) and break below could take the pair towards 1.9886(50%fib).

Recommendation: Good to buy  around 2.0000 with stop loss of 1.9950  and target price of 2.0080