EUR/USD TECHNICAL OUTLOOK:25.11.2016
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
EUR/USD. Pair after opening at 1.0623 Made a high of 1.0659 and saw the pair trading in the range of 1.0580-1.0640 and range is broken on the down side now that will act as a strong resistance in the pair and pair is forming lower top and lower bottom formation on daily time frame but 1.05 is a short term target for the pair and its likely to find some support but sell l on rise is advisable
Fundamental Overview
Euro is trading at 1.0565, remaining largely unchanged in a range bound session yesterday. Euro traded near to a 12 month lower of 1.0520 and then moved higher to close above the 1.0550 mark. German GDP was reported lower at 1.5% and business expectations and business climate were also reported lower. Longer term outlook continues to remain negative for the Euro with a test of parity being a possibility.
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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Fundamental Overview
Euro is trading at 1.0565, remaining largely unchanged in a range bound session yesterday. Euro traded near to a 12 month lower of 1.0520 and then moved higher to close above the 1.0550 mark. German GDP was reported lower at 1.5% and business expectations and business climate were also reported lower. Longer term outlook continues to remain negative for the Euro with a test of parity being a possibility.