Friday, January 27, 2017

EUR/USD TECHNICAL OUTLOOK : 27.01.2017

EUR/USD TECHNICAL OUTLOOK : 27.01.2017
NIFTY FUT  TREND             : SELL ZONE
BANKNIFTY FUT  TREND  : SELL ZONE


Free Intraday Tips : Join Our Whatsapp No : 9841986753
Free Commodity Tips : Join our Whatsapp No : 9094047040

EUR/USD. Pair after opening at 1.0750 last trading day and made a high of 1.0770 and had a side wise to negative session the pair has taken to reversed from the levels of 1.0770 and trading below 1.07 now 1.07 levels will act as a strong resistance and likely to find supply near the said levels with Head and shoulder pattern on 30min charts the pair likely to see some more supply.

Fundamental Overview

Euro is trading at 1.0680, depreciating against the US dollar and falling from above the 1.0750 levels that were seen yesterday. Economic data was un impactful from the EU area but the revival in the US dollar strength led to this decline in Euro. There is no economic data from the Eurozone and focus would be on the US dollar strength which would drive the Euro price action.