EUR/USD TECHNICAL OUTLOOK:4.11.2016
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
EUR/USD. Pair after opening at 1.1049 Made a high of 1.1123 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 1.1094, failing to sustain above the 1.11 mark in yesterday’s session. Euro was also sold against the Pound which rallied after the Brexit related news. Expect a range bound trade for the day and the shared currency would be influenced by the US election uncertainty.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
2:20:00 PM EUR French Services PMI (Oct) 52.1
2:25:00 PM EUR German Services PMI (Oct) 54.1
2:30:00 PM EUR Markit Composite PMI (Oct) 53.7
2:30:00 PM EUR Services PMI (Oct) 53.5
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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EUR/USD. Pair after opening at 1.1049 Made a high of 1.1123 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 1.1094, failing to sustain above the 1.11 mark in yesterday’s session. Euro was also sold against the Pound which rallied after the Brexit related news. Expect a range bound trade for the day and the shared currency would be influenced by the US election uncertainty.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
2:20:00 PM EUR French Services PMI (Oct) 52.1
2:25:00 PM EUR German Services PMI (Oct) 54.1
2:30:00 PM EUR Markit Composite PMI (Oct) 53.7
2:30:00 PM EUR Services PMI (Oct) 53.5