Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: EUR/NZD retreats after early gains, bias neutral

• EUR/NZD gave up early gains on Monday as investors welcomed the U.S.-China agreement to temporarily cut tariffs, boosting risk sentiment and raising hopes of a de-escalation in the global trade war.

• Investors shifted toward riskier assets, moving away from defensive plays, though uncertainty remained over the final outcome of tariff levels.

• EUR/NZD hit daily high at 1.9012, before retreating  slightly trade at 1.8937 by 20:55 GMT. 

• Immediate resistance is located at 1.9203 (38.2%fib), any close above will push the pair towards 1.9324(Higher BB).

• Strong support is seen 1.8873(50%fib) and break below could take the pair towards 1.8813 (Lower BB)

Recommendation: Be on sideliness

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.