EUR/USD TECHNICAL OUTLOOK : 20.09.2016
NIFTY Fut : SELL ZONE
BANKNIFTY FUT : SELL ZONE
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EUR/USD. Pair after opening at 1.1153Made a high of 1.1173 and was trading with side wise bias the pair is violated the supports of 1.12 and seen some selling pressure after violating the supports and now that will act as a strong resistance so any rise is a shorting opportunity in the pair for the near term with RSI stand at 46 the pair can test 1.1 mark in coming days
Fundamental Overview
Euro is trading at 1.1172, remaining below the 1.12 mark all of yesterday with limited movement. There is no major economic news from the EU until the PMI data is reported on Friday. Expect the calm trading in Euro to continue going into the FOMC meeting. A hawkish FED could drive the pair lower and the opposite to see the pair retest 1.13.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
11:30:00 EUR German PPI (MoM) (Aug) 0.10% 0.20%
NIFTY Fut : SELL ZONE
BANKNIFTY FUT : SELL ZONE
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Fundamental Overview
Euro is trading at 1.1172, remaining below the 1.12 mark all of yesterday with limited movement. There is no major economic news from the EU until the PMI data is reported on Friday. Expect the calm trading in Euro to continue going into the FOMC meeting. A hawkish FED could drive the pair lower and the opposite to see the pair retest 1.13.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
11:30:00 EUR German PPI (MoM) (Aug) 0.10% 0.20%