EUR/USD TECHNICAL OUTLOOK : 3.11.2016
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
EUR/USD. Pair after opening at 1.1049 Made a high of 1.1123 and traded with some trending to positive bias the pair had strong fall from the levels of 1.15 and fall below the supports of 1.10 mark and now is trading above the supports so if the pair able to maintain above the 1.10 mark likely to test the higher levels with MACD indicators giving crossover
Fundamental Overview
Euro is trading at 1.1117, continuing to appreciate against the US dollar, helped by the uncertainty surrounding the US elections. Economic data remained supportive for the euro zone with the employment and manufacturing data reported in line with expectations. Dollar weakness would continue to drive the pair higher after the pair breached 1.11. A sustained trade above this level would take the pair higher.
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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Fundamental Overview
Euro is trading at 1.1117, continuing to appreciate against the US dollar, helped by the uncertainty surrounding the US elections. Economic data remained supportive for the euro zone with the employment and manufacturing data reported in line with expectations. Dollar weakness would continue to drive the pair higher after the pair breached 1.11. A sustained trade above this level would take the pair higher.