• EUR/NZD dipped lower on Monday as heightened geopolitical tensions in the Middle East weighed on investor sentiment .
• The ongoing conflict between Israel and Iran, marked by continued military strikes and rising civilian casualties, has sparked fears of a broader regional escalation, prompting a cautious tone across global markets.
• Investors are closely watching the U.S. Federal Reserve's policy decision on Wednesday, with markets widely expecting rates to be held steady.
• The focus will be on the Fed's guidance and tone, as traders look for clues on the timing of potential rate cuts later this year.
• Immediate resistance is located at 1.9183(Higher BB), any close above will push the pair towards 1.9263 (50% fib).
• Immediate support is seen at 1.9038 (61.8% fib) and break below could take the pair towards 1.9000(Psychological level)
Recommendation: Good to buy around 1.9020, with stop loss of 1.8900 and target price of 1.9120
