Wednesday, September 14, 2016

EUR/USD TECHNICAL OUTLOOK : 15.09.2016

EUR/USD TECHNICAL OUTLOOK : 15.09.2016
NIFTY Fut               : SELL ZONE
BANKNIFTY FUT : SELL ZONE
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EUR/USD. Pair after opening at 1.1229 Made a high of 1.1268 and was trading with side wise to negative bias, during the day after violating the supports of 1.1260 the pair is having strong supply coming in above 1.3 mark and not able to close above the said levels so any rise in the pair is shorting opportunity with Macd indicator remaining on the neutral side

Fundamental Overview

Euro is trading at 1.1246, appreciating against the US dollar despite the weak industrial production data that was reported yesterday. European inflation for the month of August is due to be reported today and weaker data could drive the pair lower and the opposite result could limit the appreciation near 1.13.

Economic Data & News

TIME COUNTRY DATA ACTUAL SURV PREVIOUS
14:30:00 EUR Core CPI (YoY) (Aug) 0.80% 0.80%
14:30:00 EUR CPI (YoY) (Aug) 0.20% 0.20%
14:30:00 EUR CPI (MoM) (Aug) 0.10% -0.60%
14:30:00 EUR Trade Balance (Jul) 25.0B 29.2B