Tuesday, December 27, 2016

EUR/USD TECHNICAL OUTLOOK : 28.12.2016

EUR/USD TECHNICAL OUTLOOK : 28.12.2016
NIFTY FUT  TREND             : BUY ZONE
BANKNIFTY FUT  TREND  : BUY ZONE


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EUR/USD. Pair after opening at 1.0451 Made a high of 1.0463 and saw the pair trading with side wise action near the 1.0450 mark and was range bound for past days between levels of 1.04-1.05 levels 1.05 is a strong resistance and the pair is likely to find resistance so sell at every rise in the pair until the pair closes above 1.05 levels.

Fundamental Overview

Euro is trading at 1.0468, remaining close to the 1.0450 handle for the last two sessions. All of European markets are closed were closed day before yesterday and we are not expecting any movement in the shared currency. There is no data from the EU and Germany for the entire week and the price should hover between 1.0410and 1.0490. Any moves higher should be used to sell the pair.

Economic Data & News

TIME COUNTRY DATA ACTUAL SURV PREVIOUS
12:00:00 EUR Investing.com EUR/USD Index 42.30%