EUR/USD TECHNICAL OUTLOOK : 17.10.2016
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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 1.0970, depreciating against the US dollar and trading below the key 1.10 level. Euro has reflected the US dollar strength as there was limited data from the EU. Going ahead, there are a few important data to be reported this week and would decide the further direction for the shared currency. CPI data and speech from would be in focus.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
14:30:00 EUR Core CPI (YoY) (Sep) 0.80% 0.80%
14:30:00 EUR CPI (MoM) (Sep) 0.40% 0.10%
23:05:00 EUR
German Buba President Weidmann
Speaks
23:05:00 EUR ECB President Draghi Speaks
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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 1.0970, depreciating against the US dollar and trading below the key 1.10 level. Euro has reflected the US dollar strength as there was limited data from the EU. Going ahead, there are a few important data to be reported this week and would decide the further direction for the shared currency. CPI data and speech from would be in focus.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
14:30:00 EUR Core CPI (YoY) (Sep) 0.80% 0.80%
14:30:00 EUR CPI (MoM) (Sep) 0.40% 0.10%
23:05:00 EUR
German Buba President Weidmann
Speaks
23:05:00 EUR ECB President Draghi Speaks