EUR/USD TECHNICAL OUTLOOK:2.11.2016
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
EUR/USD. Pair after opening at 1.0977 Made a low of 1.0956 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 1.1065, appreciating considerably against the US dollar as markets unwounded the policy divergence trades. German manufacturing and unemployment data are due to be reported but will have limited impact as the dollar weakness would be the key driver for today’s trade.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
2:25:00 PM EUR German Manufacturing PMI (Oct) 55.1 55.1
2:25:00 PM EUR German Unemployment Change (Oct) -1K 1K
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
Free Intraday Tips : Join Our Whatsapp No : 9841986753
Fundamental Overview
Euro is trading at 1.1065, appreciating considerably against the US dollar as markets unwounded the policy divergence trades. German manufacturing and unemployment data are due to be reported but will have limited impact as the dollar weakness would be the key driver for today’s trade.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
2:25:00 PM EUR German Manufacturing PMI (Oct) 55.1 55.1
2:25:00 PM EUR German Unemployment Change (Oct) -1K 1K