EUR/USD TECHNICAL OUTLOOK:16.11.2016
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
EUR/USD. Pair after opening at 1.0742 Made a high of 1.0814 and saw some volatile to negative bias ,the pair had strong fall from the levels of 1.13 and tested the levels of 1.0850 that was acting as a strong support and violated the said levels and now 1.0800 is acting as a strong resistance but 1.0710 will act as a strong support as pair is making double bottom and oversold so likely to be in the range of 1.0710-1.0800
Fundamental Overview
Euro is trading at 1.0755, after a brief recovery in the yesterday’s session. German GDP was reported lower than expected but an uptick in the German and European economic sentiment helped the shared currency recover. Uncertainty surrounding the Italian referendum would continue to weigh on the shared currency.
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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Fundamental Overview
Euro is trading at 1.0755, after a brief recovery in the yesterday’s session. German GDP was reported lower than expected but an uptick in the German and European economic sentiment helped the shared currency recover. Uncertainty surrounding the Italian referendum would continue to weigh on the shared currency.