EUR/USD TECHNICAL OUTLOOK:10/25/2016
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
EUR/USD. Pair after opening at 1.0879 Made a high of 1.0900 and traded with some neutral bias the pair had strong fall, after the ECB interest rate decision, and violated the supports of 1.0950 levels signifies weakness, but on hourly chart the making a double bottom so until the par close below 1.0850 it can bounce with RSI remaining oversold.
Fundamental Overview
Euro is trading at 1.0878, after a brief stint above the 1.09 mark in yesterday’s session. Economic data reported from the EU including all the PMI data (Manufacturing and Services) were better than expected. Positive data failed to prop up the euro as markets focused on policy divergence. German IFO business climate would be the key data to watch out for today.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
13:30:00 EUR German Business Expectations (Oct) 104.5 104.5
13:30:00 EUR German Current Assessment (Oct) 114.9 114.7
13:30:00 EUR
German Ifo Business Climate Index
(Oct) 109.5 109.5
21:00:00 EUR ECB President Draghi Speaks
21:30:00 EUR France Jobseekers Total 3,556.8K
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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EUR/USD. Pair after opening at 1.0879 Made a high of 1.0900 and traded with some neutral bias the pair had strong fall, after the ECB interest rate decision, and violated the supports of 1.0950 levels signifies weakness, but on hourly chart the making a double bottom so until the par close below 1.0850 it can bounce with RSI remaining oversold.
Fundamental Overview
Euro is trading at 1.0878, after a brief stint above the 1.09 mark in yesterday’s session. Economic data reported from the EU including all the PMI data (Manufacturing and Services) were better than expected. Positive data failed to prop up the euro as markets focused on policy divergence. German IFO business climate would be the key data to watch out for today.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
13:30:00 EUR German Business Expectations (Oct) 104.5 104.5
13:30:00 EUR German Current Assessment (Oct) 114.9 114.7
13:30:00 EUR
German Ifo Business Climate Index
(Oct) 109.5 109.5
21:00:00 EUR ECB President Draghi Speaks
21:30:00 EUR France Jobseekers Total 3,556.8K