EUR/USD TECHNICAL OUTLOOK : 21.12.2016
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
EUR/USD. Pair after opening at 1.0400 Made a high of 1.0418 and saw the pair trading with selling pressure but the pair respected the levels of 1.0350 and bounced and in the verge of that created a inverted head and shoulders pattern in 30mn charts so can expect some more bounce from the current levels.
Fundamental Overview
Euro is trading at 1.0412, bounding from the supports of 1.0350 that were tested yesterday. The rebound in the Euro was fuelled by the dollar weakness rather than positive news from the EU. There is no data to be reported today but the tensions around the terror events are likely to weigh on the Euro and limit large appreciating moves.
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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Fundamental Overview
Euro is trading at 1.0412, bounding from the supports of 1.0350 that were tested yesterday. The rebound in the Euro was fuelled by the dollar weakness rather than positive news from the EU. There is no data to be reported today but the tensions around the terror events are likely to weigh on the Euro and limit large appreciating moves.