EUR/USD TECHNICAL OUTLOOK:28.10.2016
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY 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 1.0903, after yet another brief surge towards the 1.0950 mark. There was no major data from the EU economy and price for the shared currency was completely driven by the US dollar strength. We believe that 1.08 remains a key support and euro is trading in the broader range of 1.08-1.10 and would need a strong shift to trade beyond this zone.
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 : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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Fundamental Overview
Euro is trading at 1.0903, after yet another brief surge towards the 1.0950 mark. There was no major data from the EU economy and price for the shared currency was completely driven by the US dollar strength. We believe that 1.08 remains a key support and euro is trading in the broader range of 1.08-1.10 and would need a strong shift to trade beyond this zone.
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