EUR/USD TECHNICAL OUTLOOK : 16.12.2016
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
EUR/USD. Pair after opening at 1.0475 Made a high of 1.0510 and saw the pair trading with some side hovering near 1.0480 and in last hour we have seen the pair violated the 1.0470 mark and started trending on the down side the pair had a strong support of 1.05 and that has been violated so will see strong selling coming in the pair in coming days so sell any rise for a medium term target of 1.0340.
Fundamental Overview
Euro is trading at 1.0430, continuing to remain weak as the US dollar rally continued yesterday. Economic data from the EU, though positive did little to halt the fall in euro. Euro touched a low of 1.0367, last seen in 2003. We see no respite for the Euro for the time being and expect further weakness in Euro.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
15:30:00 EUR Core CPI (YoY) (Nov) 0.80% 0.80%
15:30:00 EUR CPI (YoY) (Nov) 0.60% 0.60%
15:30:00 EUR CPI (MoM) (Nov) -0.10% 0.20%
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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Fundamental Overview
Euro is trading at 1.0430, continuing to remain weak as the US dollar rally continued yesterday. Economic data from the EU, though positive did little to halt the fall in euro. Euro touched a low of 1.0367, last seen in 2003. We see no respite for the Euro for the time being and expect further weakness in Euro.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
15:30:00 EUR Core CPI (YoY) (Nov) 0.80% 0.80%
15:30:00 EUR CPI (YoY) (Nov) 0.60% 0.60%
15:30:00 EUR CPI (MoM) (Nov) -0.10% 0.20%
