EUR/USD TECHNICAL OUTLOOK:22.11.2016
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
EUR/USD. Pair after opening at 1.0590 Made a high of 1.0649 and saw the pair trading sidewise to positive session and formed a bullish candle and reversed but 1.0650 is acting as a resistance and pair has been making lower top and bottom for past months so the trend likely to be same with some bounce coming so utilize the bounce to sell the pair.
Fundamental Overview
Euro is trading at 1.0631, gaining some ground against the US dollar after a long stretch of losses. There was no economic event but the fall in US bond yields led to investors locking in some gains for the day. The political risks to the euro zone would be the key factor driving the EURUSD and the risks are skewed towards further weakness in the shared currency. There is no data to be reported today and we can expect the pair to be supported near the 1.06 level.
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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Fundamental Overview
Euro is trading at 1.0631, gaining some ground against the US dollar after a long stretch of losses. There was no economic event but the fall in US bond yields led to investors locking in some gains for the day. The political risks to the euro zone would be the key factor driving the EURUSD and the risks are skewed towards further weakness in the shared currency. There is no data to be reported today and we can expect the pair to be supported near the 1.06 level.