EUR/USD TECHNICAL OUTLOOK : 23.12.2016
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
EUR/USD. Pair after opening at 1.0428 Made a low of 1.0422 and saw the pair trading with buying interest near the 1.0440 mark and pair had a strong bounce after our market closed the pair made a attempt to get pass 1.05 but could not succeed and reversed this signifies supply near 1.05 so any rise is a shorting
opportunity in the pair.
Fundamental Overview
Euro is trading at 1.0440, retreating from the 1.0499 highs that were seen yesterday. Year end short covering in a thinly traded market led to sharp appreciation in the shared currency but strong resistance near the 1.05 limited upward momentums. Euro is likely to remain in this range for the next week as markets go into the holiday sessions.
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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opportunity in the pair.
Fundamental Overview
Euro is trading at 1.0440, retreating from the 1.0499 highs that were seen yesterday. Year end short covering in a thinly traded market led to sharp appreciation in the shared currency but strong resistance near the 1.05 limited upward momentums. Euro is likely to remain in this range for the next week as markets go into the holiday sessions.