EUR/USD TECHNICAL OUTLOOK : 14.10.2016
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EUR/USD. Pair after opening at 1.1007 Made a low of 1.0985 and bounced from the lower levels the pair had mad a bullish candle on a smaller time frame and is likely to bounce but as the medium term trend remains weak likely to sold off at higher levels as the pair violated the range of 1.1260-1.1100 so to utilized to sell the pair
Fundamental Overview
Euro is trading at 1.1046, rebounding from below the 1.0980 levels as we have expected yesterday. There are no headlines from the EU in this week and we expect the US dollar to dictate the shared currency’s direction. 1.10 would be acting as a near term support until the dollar begins another ascent in the days ahead.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
14:30:00 EUR Trade Balance (Aug) 15.3B 25.3B
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EUR/USD. Pair after opening at 1.1007 Made a low of 1.0985 and bounced from the lower levels the pair had mad a bullish candle on a smaller time frame and is likely to bounce but as the medium term trend remains weak likely to sold off at higher levels as the pair violated the range of 1.1260-1.1100 so to utilized to sell the pair
Fundamental Overview
Euro is trading at 1.1046, rebounding from below the 1.0980 levels as we have expected yesterday. There are no headlines from the EU in this week and we expect the US dollar to dictate the shared currency’s direction. 1.10 would be acting as a near term support until the dollar begins another ascent in the days ahead.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
14:30:00 EUR Trade Balance (Aug) 15.3B 25.3B