• EUR/NZD initially dipped on Monday but regained some ground as investors assessed Trump’s warning of new tariffs on steel and aluminum imports.
• On Sunday Trump said he would announce new 25% tariffs on all steel and aluminium imports, along with other reciprocal tariffs on all countries this week..
• ECB President Christine Lagarde said trade frictions would make the eurozone's inflation outlook "more uncertain.
• The euro gained 0.18% to 1.8269 against kiwi dollar. The U.S. is the second-largest market for EU steel exports.
• Immediate resistance is located at 1.341(38.2%fib), any close above will push the pair towards 1.8380(Feb 5th high )
• Strong support is seen at 1.8216 (50%fib ) and break below could take the pair towards 1.8100(61.8%fib).
Recommendation: Good to sell around 1.8250, with stop loss of 1.8320 and target price of 1.8180
