FxWirePro: EUR/NZD runs out of steam but maintains bullish outlook

• EUR/NZD fell on Tuesday as German investor morale posted its strongest decline since 2022.

• German investor sentiment saw its steepest drop in April since the onset of Russia’s invasion of Ukraine in 2022, driven by heightened uncertainty stemming from new U.S. tariff measures..

• The ZEW economic research institute reported on Tuesday that the economic sentiment indicator plummeted to -14.0 points in April, down from 51.6 points in March.

•Investors now await the European Central Bank's policy meeting on Thursday, with markets widely anticipating a 25-basis-point rate cut.

• Immediate resistance is located at 1.9280 (50%fib), any close above will push the pair towards 1.9522(38.2%fib).

• Strong support is seen at 1.9019(61.8%fib) and break below could take the pair towards 1.8802(April 2nd low )

Recommendation: Good to buy around 1.9100, with stop loss of 1.9020 and target price of 1.9200