EUR/USD TECHNICAL OUTLOOK:10.11.2016
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
EUR/USD. Pair after opening at 1.1134 Made a high of 1.1304 and traded with some volatile to negative bias the pair had strong fall from the levels of 1.13 after election result and fall below the supports of 1.10 mark and the pair could not surpass the levels of 1.1300 but going ahead the pair is having strong support below 109 mark.
Fundamental Overview
Euro is trading in a range of 1.0930, dropping the most against the US dollar in the aftermath of the US election results. Euro made a high close to 1.13 but with the dollar turn around, the pair broke all support levels. Extreme positioning would have forced participants to unwind but we believe that 1.09-1.0850 would act as a support.
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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Fundamental Overview
Euro is trading in a range of 1.0930, dropping the most against the US dollar in the aftermath of the US election results. Euro made a high close to 1.13 but with the dollar turn around, the pair broke all support levels. Extreme positioning would have forced participants to unwind but we believe that 1.09-1.0850 would act as a support.