Tuesday, November 8, 2016

EUR/USD TECHNICAL OUTLOOK:9.11.2016

EUR/USD TECHNICAL OUTLOOK:9.11.2016
NIFTY FUT  TREND             : SELL ZONE
BANKNIFTY FUT  TREND  : SELL ZONE


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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 but to the election the pair is likely to be volatile in the below mentioned range.

Fundamental Overview

Euro is trading in a range of 1.0990-1.1070 as the voting coming to an end. Volatility would be good for the Euro and a Trump win would drive the pair to 1.13 and a Clinton Win would drive the pair towards 1.0850. Economic data would not be of any importance today. Can position for trades after the dust settle?