EUR/USD TECHNICAL OUTLOOK : 7.12.2016
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
EUR/USD. Pair after opening at 1.0762 Made a high of 1.0785 and saw the pair trading side wise after it testing levels of 1.05 and could not sustain that levels and saw some strong buying in the pair a day before, this signifies bulls are aggressive at that levels and buying pressure at lower elves and yesterday created a inside bar type of pattern suggesting more sidewise to upside from the said levels so any dips is a buying opportunity in the pair.
Fundamental Overview
Euro is trading at 1.0722, after a brief slide below 1.07 in yesterday’s session. Euro took the support of 1.07 and remained higher after a stronger than expected German manufacturing orders report. Markets are expecting an extension of QE tomorrow and if done the Euro could fall back towards the 1.05 low tomorrow.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
12:30:00 PM EUR German Industrial Production (MoM) (Oct) 0.80% -1.80%
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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Fundamental Overview
Euro is trading at 1.0722, after a brief slide below 1.07 in yesterday’s session. Euro took the support of 1.07 and remained higher after a stronger than expected German manufacturing orders report. Markets are expecting an extension of QE tomorrow and if done the Euro could fall back towards the 1.05 low tomorrow.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
12:30:00 PM EUR German Industrial Production (MoM) (Oct) 0.80% -1.80%