EURUSD OUTLOOK : 30.08.2016
NIFTY Fut TREND : BUY ZONE
BANKNIFTY Fut : BUY ZONE
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EUR/USD. Pair after opening at 1.1193Made a high of 1.1203, and was trading with a negative bias, during the day ,after the yellen speech and now the pair has violated the recent range and any rise close to its yesterdays high likely to find resistance, while strong resistance near swing high and channel resistance 1.1360 will face strong hurdle, so rise shall be utilized to sell the pair
Fundamental Overview
Euro is trading at 1.1173, continuing to depreciate against the US dollar in the aftermath of Yellen and Fisher speech. No major economic events were reported yesterday and EU business climate and consumer confidence data is set to be reported and likely to have a muted effect on Euro. With the rate hikes in US expected to be actioned this year, we can expect continued selling in the shared currency and every rise would be an opportunity to sell.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
2:55:00 PM EUR Italian 10-Year BTP Auction 0.0124
5:30:00 PM EUR German CPI (MoM) (Aug) 0.10% 0.30%
NIFTY Fut TREND : BUY ZONE
BANKNIFTY Fut : BUY ZONE
Click Here & Register To Get 2 days Trial Tips
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Fundamental Overview
Euro is trading at 1.1173, continuing to depreciate against the US dollar in the aftermath of Yellen and Fisher speech. No major economic events were reported yesterday and EU business climate and consumer confidence data is set to be reported and likely to have a muted effect on Euro. With the rate hikes in US expected to be actioned this year, we can expect continued selling in the shared currency and every rise would be an opportunity to sell.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
2:55:00 PM EUR Italian 10-Year BTP Auction 0.0124
5:30:00 PM EUR German CPI (MoM) (Aug) 0.10% 0.30%