• EUR/NZD edged higher on Friday as investors reacted to the easing of trade tensions between the U.S. and China.
• Optimism surrounding a potential resolution to the trade conflict weighed on safe-haven assets and improved risk sentiment.
• The U.S. and China recently signaled a possible thaw in their trade relationship, with China exempting certain U.S. imports from steep tariffs and U.S. President Donald Trump confirming that discussions on tariffs were taking place..
• The developments come amid ongoing market volatility fueled by uncertainty surrounding U.S.-China trade relations.
• Immediate resistance is located at 1. 9082 (Daily high), any close above will push the pair towards 1. 9199(50 % fib).
• Immediate support is seen at 1.8929 (38.2% fib) and break below could take the pair towards 1. 8729 (Lower BB).
Recommendation: Consider selling around 1. 9080, with a stop loss at 1. 9180 and a target price of 1. 1. 8900
