EUR/USD TECHNICAL OUTLOOK : 14.12.2016
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
EUR/USD. Pair after opening at 1.0638 Made a high of 1.0667 and saw the pair trading with some side after selling pressure few days back were it tested near levels of 1.05 and could not sustain that levels and saw some strong bounce and now 1.0630 the pair is having a strong supply zone near 1.07-1.0670 and likely to find some resistance so intraday can see some bounce but overall sell on rise would be the strategy to implement
Fundamental Overview
Euro is trading at 1.0635, ranging in the area between 1.0610 and 1.0665 for the entire day. Short covering was the only reason for the rally in the euro and going into the FOMC announcement, the market is likely to remain cautious, despite the FED preparing the world for a rate hike. Euro would likely be bought after the event unless for a hawkish surprise as further short covering can be expected ahead.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
15:30:00 EUR Industrial Production (MoM) (Oct) 0.20% -0.80%
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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Fundamental Overview
Euro is trading at 1.0635, ranging in the area between 1.0610 and 1.0665 for the entire day. Short covering was the only reason for the rally in the euro and going into the FOMC announcement, the market is likely to remain cautious, despite the FED preparing the world for a rate hike. Euro would likely be bought after the event unless for a hawkish surprise as further short covering can be expected ahead.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
15:30:00 EUR Industrial Production (MoM) (Oct) 0.20% -0.80%