EUR/USD TECHNICAL OUTLOOK:18.11.2016
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
EUR/USD. Pair after opening at 1.0700 Made a high of 1.0746 and saw the pair trading sidewise in our session and violated the support of 1.0660,the pair had strong fall from the levels of 1.10 and tested the levels of 1.0664 and again bounced but could not sustain and is making lower top and bottom in the daily chart and likely to face resistance at higher levels until the pair close above 1.0850 the trend remains on the sell side.
Fundamental Overview
Euro is trading at 1.0600, dropping another 100 points as markets sold the shared currency on the back of policy divergence between the two nations. Economic data reported yesterday was also not in line with expectations. ECB meeting minutes continued to convey the info that the central bank is ready to act if required. We expect continued weakness in the currency for the day.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
12:30:00 EUR German PPI (MoM) (Oct) 0.10% -0.20%
14:00:00 EUR ECB President Draghi Speaks
16:00:00 EUR German Buba President Weidmann Speaks
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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Fundamental Overview
Euro is trading at 1.0600, dropping another 100 points as markets sold the shared currency on the back of policy divergence between the two nations. Economic data reported yesterday was also not in line with expectations. ECB meeting minutes continued to convey the info that the central bank is ready to act if required. We expect continued weakness in the currency for the day.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
12:30:00 EUR German PPI (MoM) (Oct) 0.10% -0.20%
14:00:00 EUR ECB President Draghi Speaks
16:00:00 EUR German Buba President Weidmann Speaks