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FxWirePro: EUR/NZD trends higher, but faces potential pitfalls

• EUR/NZD strengthened   on Thursday   as optimism over a potential Ukraine-Russia peace deal boosted the euro.

•Trump spoke with Putin and Zelenskiy on Wednesday about the Ukraine war, marking his first major diplomatic effort to end the conflict.

• Markets found relief from signs that a Russia-Ukraine peace deal might be close, though Kyiv and its European allies feared being left out of negotiations.

• A close above the 38.2%fib is required to see bullish momentum build.

• Immediate resistance is located at 1.8493(38.2%fib), any close above will push the pair towards 1.8655(23.6%fib)

• Support is seen at 1.8356(50%fib) and break below could take the pair towards 1.8235(61.8%fib)

Recommendation: Good to buy around 1.8480, with stop loss of 1.8320 and target price of 1.8600

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