EUR/USD TECHNICAL OUTLOOK.1.11.2016
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
EUR/USD. Pair after opening at 1.0907 Made a low of 1.0889 and traded with some positive bias the pair had strong fall few, back after the ECB interest rate decision, and violated the supports of 1.0950 levels and now that will become a strong resistance and pair likely to find strong supply near that zone, so utilize any rise to short the pair.
Fundamental Overview
Euro is trading at 1.0971, traded in a narrow range for the entire day. German retail sales were reported lower than expected at -1.4% against an expectation of 0.2%. The economic calendar for the Euro remains empty this week and major moves in the currency would be US dollar driven. We continue to believe that 1.10 would be acting as a resistance and would be a good level to sell the pair.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
11:00:00 EUR French GDP (QoQ) (Q3) 0.30% -0.10%
12:15:00 EUR
French Consumer Spending (MoM)
(Sep) 0.40% 0.70%
12:15:00 EUR French CPI (MoM) -0.20%
12:15:00 EUR French HICP (MoM) -0.20%
17:30:00 EUR German CPI (MoM) (Oct) 0.10% 0.10%
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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Fundamental Overview
Euro is trading at 1.0971, traded in a narrow range for the entire day. German retail sales were reported lower than expected at -1.4% against an expectation of 0.2%. The economic calendar for the Euro remains empty this week and major moves in the currency would be US dollar driven. We continue to believe that 1.10 would be acting as a resistance and would be a good level to sell the pair.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
11:00:00 EUR French GDP (QoQ) (Q3) 0.30% -0.10%
12:15:00 EUR
French Consumer Spending (MoM)
(Sep) 0.40% 0.70%
12:15:00 EUR French CPI (MoM) -0.20%
12:15:00 EUR French HICP (MoM) -0.20%
17:30:00 EUR German CPI (MoM) (Oct) 0.10% 0.10%