EUR/USD TECHNICAL OUTLOOK : 9.12.2016
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
EUR/USD. Pair after opening at 1.0717 Made a high of 1.0770 and saw the pair trading side wise to positive and hovering near 1.08 mark and reversed from that few days back r it testing levels of 1.05 and could not sustain that levels and saw some strong buying in the pair this signifies bulls are aggressive at that levels and buying pressure at lower elves and to that will act as a strong support going ahead but for the day sell at rise.
Fundamental Overview
Euro is trading at 1.06, deprecating after the ECB policy announcement yesterday. The outlook given by ECB chair Draghi remains dovish and an extension of QE by 9 months and by an amount of 60 billion Euros per month accelerated the weakness in Euro. Expect continued weakness in the pair and it is possible to break the 1.05 in the coming weeks.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
12:30:00 PM EUR German Trade Balance (Oct) 21.5B 21.3B
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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Fundamental Overview
Euro is trading at 1.06, deprecating after the ECB policy announcement yesterday. The outlook given by ECB chair Draghi remains dovish and an extension of QE by 9 months and by an amount of 60 billion Euros per month accelerated the weakness in Euro. Expect continued weakness in the pair and it is possible to break the 1.05 in the coming weeks.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
12:30:00 PM EUR German Trade Balance (Oct) 21.5B 21.3B