FxWirePro: EUR/NZD trapped in range as investors await details from US-China trade talks

 • EUR/NZD   traded in tight range   as trade talks between the United States and China continued through a second day.

• Officials from the world's two largest economies were meeting in London to attempt to defuse a disagreement that has spread from tariffs to limitations over rare earths.

• U.S. Commerce Secretary Howard Lutnick said conversations between the two parties in London were going "really well" but may run into Wednesday.

• Any breakthrough in the negotiations is expected to provide relief to markets, given Trump's frequent tariff pronouncements and swings in Sino-US relations

• Immediate resistance is located at 1.8987(38.2% fib), any close above will push the pair towards 1.9073(June 3rd high)

• Support is seen at 1.8793 (Lower BB ) and break below could take the pair towards 1.8740(23.6% fib).

  Recommendation: Good to buy around 1.8890 with stop loss of 1.8960, and target price of 1.8800