FxWirePro: EUR/ NZD uptrend loses steam, remains on bullish path

• EUR/NZD eased on Thursday  as markets reacted to the European Central Bank’s latest interest rate decision.

• • The ECB raised interest rates on Thursday as expected, aiming to curb inflation risks from soaring energy prices driven by the Iran conflict

•The rate hike came ​as the ECB raised its 2026 inflation projection to 3.0% this year ​from 2.6% seen in March, and lifted the 2027 outlook to 2.3% from 2.0%.

• Investors expect two more ECB rate hikes over the next year, though any tightening is likely to be gradual as weak economic growth and higher borrowing costs raise recession risks.

•Meanwhile, ECB President Christine Lagarde said inflation is broadening across the economy, while warning that growth risks remain tilted to the downside.

• Immediate resistance is located at  2. 0002(38.2%fib), any close above will push the pair towards 2. 0077 (Higher BB)

• Immediate support is seen at 1.9784(SMA 20) and break below could take the pair towards 1.9739(50%fib).

 Recommendation: Good to buy around 1.9820 with stop loss of 1.9760  and target price of 1.9900