• EUR/NZD declined on Thursday as a lack of progress in peace talks between Russia and Ukraine weighed on euro.
• Despite optimistic peace talks would lead to a ceasefire, no quick resolution is expected.
• At GMT 16:44, the pair was trading up 0.05 percent at 1.5987, after hitting daily high at 1.6081.
• Technical signals show the pair could lose more ground as RSI is at 39 bearish, and 5, 11,14 DMA’s are trending south.
• Immediate resistance is located at 1.6014 (38.2%fib), any close above will push the pair towards 1.6221(50%fib).
• Immediate support is seen at 1.5914(5DMA) and break below could take the pair towards 1.5760 (23.6% fib).
Recommendation: Good to sell round 1.5990, with stop loss of 1.6100 and target price of 1.5900


FxWirePro: GBP/USD remains range-bound amid growing Middle East instability concerns
FxWirePro: USD/CAD bulls continue to hold the higher ground
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Woodies pivot (Major)
GBP/JPY Holds the 215 Line as Yen Momentum Fades; Triple EMA Bulwark Eyes 217
FxWirePro- Woodies pivot (Major)
FxWirePro: GBP/AUD recovers some ground, geopolitics holds center stage
AUD/JPY Smashes Multi-Week Resistance at 114.73 After Prolonged Consolidation; Triple EMA Setup Targets 117
NZDJPY Catches Its Breath: Bulls Defend 94 Floor With Sights Set on 96–97
Pound Power Drives GBPJPY Past 214.50 — Buy-the-Dip Setup Targets 217
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/JPY upside capped as intervention risk limit upside
FxWirePro: EUR/ NZD stuck in range but outlook is bearish
EURJPY Extends 5-Day Winning Streak Toward 186 — Bulls Reload on Dips for 188 Target
FxWirePro: GBP/USD range-bound as Iran uncertainty keeps traders cautious
FxWirePro: GBP/NZD recovers some ground but bearish outlook persists
FxWirePro: GBP/NZD edges higher but outlook is bearish 



