EUR/USD TECHNICAL OUTLOOK : 19.12.2016
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
EUR/USD. Pair after opening at 1.0419 Made a high of 1.0474 and saw the pair trading with some side hovering near 1.0450 and trading below 1.05 levels mark and started trending on the down side few day back after violating strong supports of 1.05 so that levels will act as a strong resistance in the pair and will so any rise is an opportunity to sell.
Fundamental Overview
Euro is trading at 1.0454, struggling to break above the 1.0475 mark that was acting as a strong resistance for the last two sessions. Expect some consolidation after the sharp fall that was seen in the previous week. The divergent monetary policy would be in play and every rise in the shared currency would be an opportunity to sell.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
14:30:00 EUR German Business Expectations (Dec) 105.6 105.5
14:30:00 EUR German Current Assessment (Dec) 115.9 115.6
14:30:00 EUR German Ifo Business Climate Index (Dec) 110.7 110.4
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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Fundamental Overview
Euro is trading at 1.0454, struggling to break above the 1.0475 mark that was acting as a strong resistance for the last two sessions. Expect some consolidation after the sharp fall that was seen in the previous week. The divergent monetary policy would be in play and every rise in the shared currency would be an opportunity to sell.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
14:30:00 EUR German Business Expectations (Dec) 105.6 105.5
14:30:00 EUR German Current Assessment (Dec) 115.9 115.6
14:30:00 EUR German Ifo Business Climate Index (Dec) 110.7 110.4