• EUR/NZD initially gained but lost ground after Ukrainian President Zelenskiy's meeting with U.S. President Trump ended in failure.
• The two leaders exchanged verbal blows in front of the global media at the White House, prompting markets to shift to safe-haven Treasuries as the public clash heightened uncertainty over a potential peace deal with Russia.
• The heated confrontation came amid expectations that Trump will soon impose punitive tariffs on key U.S. trade partners, raising investor concerns about rising inflation and slower economic growth.
• Technical are bullish, daily RSI is positive at 64, daily momentum studies 11 and 14 DMAs are trending up.
• Immediate resistance is located at 1.8602(38.2% fib), any close above will push the pair towards 1.8685(23.6% fib).
• Strong support is seen at 1.8531(50% fib) and break below could take the pair towards 1.8464(61.8% fib).
Recommendation: Good to buy around 1.8530, with stop loss of 1.8450and target price of 1.8580
