EUR/USD TECHNICAL OUTLOOK:8.11.2016
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
EUR/USD. Pair after opening at 1.1134 Made a high of 1.1134 and traded with some negative bias the pair had strong fall from the levels of 1.15 and fall below the supports of 1.10 mark and the pair could not surpass the levels of 1.1200 and reversed this signifies the aggressiveness of bear at higher levels so any rise is a shorting opportunity in the pair
Fundamental Overview
Euro is trading at 1.1035, continuing to trend lower against the appreciating US dollar. Euro made a low of 1.1028 as risk on sentiment dominated markets. There was news from the central bank front that the ECB might consider extending the stimulus program and if true, this news can drive the Euro much lower, initially towards 1.10 and a continued weakness to drive the pair to the October low of 1.0850.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
12:30:00 PM EUR German Industrial Production (MoM) (Sep) -0.50% 2.50%
12:30:00 PM EUR German Trade Balance (Sep) 23.0B 22.2B
6:30:00 PM EUR EU Finance Ministers Meeting
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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Fundamental Overview
Euro is trading at 1.1035, continuing to trend lower against the appreciating US dollar. Euro made a low of 1.1028 as risk on sentiment dominated markets. There was news from the central bank front that the ECB might consider extending the stimulus program and if true, this news can drive the Euro much lower, initially towards 1.10 and a continued weakness to drive the pair to the October low of 1.0850.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
12:30:00 PM EUR German Industrial Production (MoM) (Sep) -0.50% 2.50%
12:30:00 PM EUR German Trade Balance (Sep) 23.0B 22.2B
6:30:00 PM EUR EU Finance Ministers Meeting