EUR/USD TECHNICAL OUTLOOK : 23.08.2016
Click Here & Register To Get 2 days Trial Tips
EUR/USD. Pair after opening at 1.1327 Made a high of 1.1327, and was trading with a positive bias, during the day ,but the pair has violated the recent range and any rise close to its 50DMA at 1.1133 is likely to find resistance and strong resistance near 200DMA at 1.1152 and now trading above the major resistance so if not able to pass 1.1366 is a shorting opportunity
Fundamental Overview
Euro is trading at 1.1335, remaining largely unchanged on a low data day. European and German PMI data scheduled to be reported today are likely to be in line with expectations. Trend in the PMI has been positive in the recent times and would continue to remain the same to limit depreciation in Euro.
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
13:00:00 EUR German Manufacturing PMI (Aug) 53.5 53.8
13:00:00 EUR German Services PMI (Aug) 54.4 54.4
13:30:00 EUR Manufacturing PMI (Aug) 52 52
13:30:00 EUR Markit Composite PMI (Aug) 53.1 53.2
13:30:00 EUR Services PMI (Aug) 52.8 52.9
Free Intraday Tips : Join Our Whatsapp No : 9841986753
Fundamental Overview
Euro is trading at 1.1335, remaining largely unchanged on a low data day. European and German PMI data scheduled to be reported today are likely to be in line with expectations. Trend in the PMI has been positive in the recent times and would continue to remain the same to limit depreciation in Euro.
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
13:00:00 EUR German Manufacturing PMI (Aug) 53.5 53.8
13:00:00 EUR German Services PMI (Aug) 54.4 54.4
13:30:00 EUR Manufacturing PMI (Aug) 52 52
13:30:00 EUR Markit Composite PMI (Aug) 53.1 53.2
13:30:00 EUR Services PMI (Aug) 52.8 52.9