• EUR/NZD edged higher but gains were limited as markets absorbed Eurozone data and looked for new catalysts.
• The euro area unemployment rate slipped to 6.3% in November from 6.4% in October, beating expectations of no change .
• German industrial orders rose unexpectedly in November, jumping 5.6% month-on-month on a seasonally and calendar-adjusted basis .
• Eurozone consumer confidence improved to -13.1 in December 2025, marking its highest level since October 2024.
• Looking ahead, Eurozone calendar includes retail sales, ECB’s Philip Lane’s remarks, and German Industrial Production, while the U.S. data features Nonfarm Payrolls, the unemployment rate, University of Michigan consumer sentiment, and housing data.
• Immediate resistance is located at 2.0309 (38.2%fib ), any close above will push the pair towards 2.0429 (Higher BB).
• Strong support is seen at 2.0175(50%fib) and break below could take the pair towards 2.0132 (Lower BB).
Recommendation: Good to sell around 2.0300 with stop loss of 2.0380 and target price of 2.0210
