• EUR/NZD dipped on Thursday after The European Central Bank cut interest rates as expected o.
• The ECB cut rates for the seventh time in a year on Thursday, aiming to counter weak growth amid U.S. tariffs and declining business confidence.
• The ECB cut its deposit rate by 25 bps to 2.25%, citing steady progress toward its 2% inflation target.
• The ECB previously estimated the neutral rate at 1.75%–2.25%, but policymakers have downplayed its practical use, calling it conceptually useful but not key to daily decisions..
• Lagarde offered little on future policy moves, stressing a meeting-by-meeting approach, though some colleagues noted the bar for more cuts remains low.
• Immediate resistance is located at 1.9291 (38.2%fib), any close above will push the pair towards 1.9556 (April 15th high).
• Strong support is seen at 1.8987(61.8%fib) and break below could take the pair towards 1.8817(April2nd low )
Recommendation: Good to buy around 1.9030, with stop loss of 1.8920 and target price of 1.9150
