Eur Nzd Long

A long position on EUR/NZD looks promising based on strong support zones and bearish sentiment towards the New Zealand Dollar. The NZD faces pressure from weak domestic economic data and dovish Reserve Bank of New Zealand (RBNZ) policies. In contrast, the Euro is supported by stable Eurozone economic performance and potential ECB rate hikes. Technically, EUR/NZD has established firm support around key levels, providing a solid entry point for a long position. If the pair holds above these support zones and the NZD remains under pressure, a bullish move towards higher resistance levels is likely, making this an attractive setup.