Thursday, November 10, 2016

EUR/USD TECHNICAL OUTLOOK:11.11.2016

EUR/USD TECHNICAL OUTLOOK:11.11.2016
NIFTY FUT  TREND             : SELL ZONE
BANKNIFTY FUT  TREND  : SELL ZONE


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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 1.0915, remaining near the 1.09 mark after a brief stint to 1.0970. Sharp rally in the US treasury yields and the continued optimism after the election results drove the pair lower. German CPI is the only data for the day but the volatility from the election result would continue to remain the key driver

Economic Data & News

TIME COUNTRY DATA ACTUAL SURV PREVIOUS
12:30:00 PM EUR German CPI (MoM) (Oct) 0.20% 0.20%