Tuesday, October 18, 2016

EUR/USD TECHNICAL OUTLOOK:10/19/2016

EUR/USD TECHNICAL OUTLOOK:10/19/2016

NIFTY FUT  TREND             : BUY ZONE
BANKNIFTY FUT  TREND  : BUY ZONE


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EUR/USD. Pair after opening at 1.0972 Made a high of 1.1026 and bounced from the lower levels a day before , the pair has violated a major supports of 1.1100 few days back before that the pair was trading in the range of 1.1250.1.1100 so supports will act as resistance ,but intraday likely to see some bounce

Fundamental Overview

Euro is trading at 1.0989, sticking close to the 1.10 mark with a test of 1.0960 in the US session. There was no major economic news that was reported yesterday from the euro zone and the US dollar consolidation was the only trigger. No data to be reported from the EU today and the pair is likely to hover near the 1.10 mark for the day.