EUR/USD TECHNICAL OUTLOOK:10/21/2016
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
EUR/USD. Pair after opening at 1.0974Made a high of 1.1039 after the ECB interest rate decision, and violated the supports of 1.0950 levels signifies weakness, before that pair was trading in the range of 1.1250.1.1100 so supports will act as resistance ,intraday rise shall be utilizes to sell the pair
Fundamental Overview
Euro is trading at 1.0902, dropping significantly in the aftermath of the ECB press conference. There were no announcements made that would change the current monetary situation but no reference to reduction of the current stimulus added to the selling pressure. 1.10 would act as a near term resistance from now on and slide from current levels would be slow.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
14:30:00 EUR
German Buba President Weidmann
Speaks
21:30:00 EUR EU Leaders Summit
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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Fundamental Overview
Euro is trading at 1.0902, dropping significantly in the aftermath of the ECB press conference. There were no announcements made that would change the current monetary situation but no reference to reduction of the current stimulus added to the selling pressure. 1.10 would act as a near term resistance from now on and slide from current levels would be slow.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
14:30:00 EUR
German Buba President Weidmann
Speaks
21:30:00 EUR EU Leaders Summit