• EUR/NZD eased slightly as investors assessed the impact of escalating global trade tensions and the potential economic fallout.
•The European Union proposed counter-tariffs on Monday, while Trump warned of an additional 50% duty on U.S. imports from China if China did not remove its 34% retaliatory tariffs by Wednesday.
•Trump's advisers indicated that he is open to negotiations with countries trying to avoid tariffs as high as 50%, set to take effect on Wednesday. .
• The European Union remains open to negotiations with the U.S., European Commission President Ursula von der Leyen stated on Monday, while also signaling readiness to implement countermeasures.
• Immediate resistance is located at 1.9720 (38.2%fib), any close above will push the pair towards 2.0007(23.6%fib).
• Strong support is seen at 1.9428(50%fib) and break below could take the pair towards 1.9125(61.8% fib )
Recommendation: Good to buy around 1.9700, with stop loss of 1.9650 and target price of 1.9780
