EUR/USD TECHNICAL OUTLOOK : 02.09.2016
NIFTY Fut : SELL ZONE
BANKNIFTY Fut : SELL ZONE
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EUR/USD. Pair after opening at 1.1158 Made a low of 1.1126 and was trading with side wise 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, but intraday can expect some bounce
Fundamental Overview
Euro is trading at 1.1199, appreciating marginally against the US dollar after the US manufacturing PMI data was reported yesterday. Euro area too reported a drop in the manufacturing activity but it recouped the losses from after the EU data in the US session. Expect a range bound trade in the pair going into the non-farm data.
NIFTY Fut : SELL ZONE
BANKNIFTY Fut : SELL ZONE
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EUR/USD. Pair after opening at 1.1158 Made a low of 1.1126 and was trading with side wise 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, but intraday can expect some bounce
Fundamental Overview
Euro is trading at 1.1199, appreciating marginally against the US dollar after the US manufacturing PMI data was reported yesterday. Euro area too reported a drop in the manufacturing activity but it recouped the losses from after the EU data in the US session. Expect a range bound trade in the pair going into the non-farm data.