EURNZD Consolidation Potential supporting in the Long-term

EURNZD reflects uncertainty around trade tariffs on China any increase in tariffs or trade tension could limit NZD strength as NZD is sensitive to Chinese demand potentially supporting EUR in the short term.

However, political issues in France — particularly around the Prime Minister’s leadership — could weigh on the euro, limiting its upside potential. If China responds negatively to tariff developments, we might see renewed risk-off sentiment, which could temporarily lift EUR but eventually bring selling pressure once fundamentals refocus on the eurozone.

If price react to downside we could expect next Support will be 2.00500,

You may find more details in the chart.
Trade wisely best of Luck buddies.

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