Thursday, October 13, 2016

EUR/USD TECHNICAL OUTLOOK : 13.10.2016

EUR/USD TECHNICAL OUTLOOK : 13.10.2016


EUR/USD. Pair after opening at 1.1140 Made a high of 1.1144 and was consolidating in a narrow range throughout the day , and after our market closed the pair violated the 1.1100 mark and saw trending session next day the pair is having strong supports atr1.0990 so if violate that will see more do wnside

Fundamental Overview

Euro is trading at 1.1037, dropping close to the 1.10 level, reflecting the US dollar’s strength. Economic data reported yesterday was better than expectations but the US dollar strength the overshadowed the economic data. There is no data to be reported from the EU today and we expect a retest of 1.10 level.

Economic Data & News

TIME COUNTRY DATA ACTUAL SURV PREVIOUS
11:30:00 AM EUR German CPI (MoM) (Sep) 0.10% 0.10%