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FxWirePro: EUR/NZD retains firm tone , good to buy on dips

• EUR/NZD strengthened  on Tuesday  as the pairs bullish  allure persisted across the board despite tariff uncertainties.

• Trump’s 25% tariffs on Mexican and Canadian imports took effect Tuesday, along with a hike in Chinese duties to 20%, escalating trade tensions with top U.S. trading partners..

• EUR/NZD  rose above 1.8750 level . A break and daily close above 23.6%fib will accelerate further gains.

• Technical signals show the pair could gain more ground in the short-term as RSI is at 64 bullish, daily momentum studies  5, 9 and 11 DMAs are trending  up.

• Immediate resistance is located at 1.8813 (23.6%fib), any close above will push the pair towards 1.8900(Psychological level).

• Strong support is seen at 1.8673(Daily low) and break below could take the pair towards 1.8614(38.2% fib )

Recommendation: Good to buy around 1.8750, with stop loss of 1.8650 and target price of 1.8790

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