Monday, September 19, 2016

EUR/USD TECHNICAL OUTLOOK : 19.09.2016

EUR/USD TECHNICAL OUTLOOK : 19.09.2016

NIFTY Fut               : BUY ZONE
BANKNIFTY FUT : BUY ZONE



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EUR/USD. Pair after opening at 1.1243Made a high of 1.1250 and was trading with side wise and after our market closed the pair violated the supports of 1.12 and seen some selling pressure after violating the supports and now that will act as a strong resistance so any rise is a shorting opportunity in the pair for the near term the pair can test 1.1 mark in coming days

Fundamental Overview

Euro is trading at 1.1172, breaking the 1.12 mark after the positive US data on Friday. There was no major news from the EU but the dollar strength was the key driver. There is no major data from the EU today and focus would be on the dollar strength and the overall risk appetite.
Economic Data & News

TIME COUNTRY DATA ACTUAL SURV PREVIOUS

13:30:00 EUR Current Account (Jul) 27.2B 28.2B
13:30:00 EUR Current Account n.s.a. (Jul) 37.6B
13:30:00 EUR Net Investment Flow (Jul) 21.4B