EUR/USD TECHNICAL OUTLOOK :27.02.2017
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
Fundamental Overview
Euro is trading at 1.0565, failing to sustain the higher levels that were seen on Friday, during the US session where the pair has made a high of 1.0617. There was no specific reason for the fall but there were headlines about a large sell order in Pound that dragged the other currencies lower against the US dollar. No data from the EU today, we expect a range bound trade for the day.
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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EUR/USD. Pair after opening at 1.0555 made high of .10597 and was trading with some positive bias and tested the high of 1.0617 next day and reversed from that levels now 1.06 will become a strong resistance and likely to find supply at the said levels while strong supports comes in at 1.05 levels but as the medium term trend remains on the sell side so utilize rise to sell the pair.Fundamental Overview
Euro is trading at 1.0565, failing to sustain the higher levels that were seen on Friday, during the US session where the pair has made a high of 1.0617. There was no specific reason for the fall but there were headlines about a large sell order in Pound that dragged the other currencies lower against the US dollar. No data from the EU today, we expect a range bound trade for the day.