EUR/USD TECHNICAL OUTLOOK : 09.09.2016
NIFTY Fut : SELL ZONE
BANKNIFTY FUT : SELL ZONE
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EUR/USD. Pair after opening at 1.1239 Made a high of 1.1327 and was trading with positive bias, during the day after violating the resistance of 1.1260 had strong run-up and made a high of 1.1327 and corrected from there until pair break below 1.1200 the pair would be consolidate in 1.1210-1.1300 range for near term
Fundamental Overview
Euro is trading at 1.1278, appreciating against the US dollar as markets were disappointed that the ECB did not announce any additional stimulus nor at least give some future guidance. Euro appreciated after the news and is likely to face strong resistance near the 1.14 mark. German trade balance, due to be reported today is unlikely to have a major impact on the shared currency.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
11:30:00 AM EUR German Trade Balance (Jul) 22.0B 21.7B
6:30:00 PM EUR Eurogroup Meetings
NIFTY Fut : SELL ZONE
BANKNIFTY FUT : SELL ZONE
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EUR/USD. Pair after opening at 1.1239 Made a high of 1.1327 and was trading with positive bias, during the day after violating the resistance of 1.1260 had strong run-up and made a high of 1.1327 and corrected from there until pair break below 1.1200 the pair would be consolidate in 1.1210-1.1300 range for near term
Fundamental Overview
Euro is trading at 1.1278, appreciating against the US dollar as markets were disappointed that the ECB did not announce any additional stimulus nor at least give some future guidance. Euro appreciated after the news and is likely to face strong resistance near the 1.14 mark. German trade balance, due to be reported today is unlikely to have a major impact on the shared currency.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
11:30:00 AM EUR German Trade Balance (Jul) 22.0B 21.7B
6:30:00 PM EUR Eurogroup Meetings