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• EUR/NZD declined Monday after France’s parliament ousted the government, a widely anticipated move.
• France’s parliament toppled the government Monday over debt-control plans, deepening a political crisis in the euro zone’s second-largest economy.
• French lawmakers ousted Prime Minister Francois Bayrou and his minority government in a 364–194 vote.
• Meanehile,The ECB will announce its policy decision Thursday, with no rate change expected as inflation nears 2% and officials weigh U.S. tariff risks..
•On the data front, German exports fell unexpectedly in July on weaker U.S. demand from tariffs, though industrial output rose.
• Immediate resistance is located at 1.9832 (20DMA), any close above will push the pair towards 2.0023 (23.6%fib).
• Immediate support is seen at 1.9715(23.6%fib) and break below could take the pair towards 1.9707(Feb 3rd low).
Recommendation: Good to buy round 1.9800, with stop loss of 1.9720 and target price of 1.9860x
