EUR/USD TECHNICAL OUTLOOK : 26.08.2016
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EUR/USD. Pair after opening at 1.1303Made a high of 1.1311, and was trading with a negative bias, during the day ,but 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 1.1291, appreciating marginally in yesterday’s trade despite a weak print in the German business climate index. Euro is expected to hover around these levels during the day but a dovish statement from Yellen could drive the pair higher.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
11:30:00 EUR GfK German Consumer Climate (Sep) 9.9 10
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Fundamental Overview
Euro is trading at 1.1291, appreciating marginally in yesterday’s trade despite a weak print in the German business climate index. Euro is expected to hover around these levels during the day but a dovish statement from Yellen could drive the pair higher.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
11:30:00 EUR GfK German Consumer Climate (Sep) 9.9 10