EUR/USD TECHNICAL OUTLOOK : 22.12.2016
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
EUR/USD. Pair after opening at 1.0390 Made a low of 1.0380 and saw the pair trading with buying interest near the 1.04 mark and few days back the pair has 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 that target is done and the pair can face a strong resistance near 1.0480 mark near term high so intraday sell on rise
Fundamental Overview
Euro is trading at 1.0437, remaining supported near the 1.04 handle as traders begin to move to the sidelines before the holiday season. There was no major data from the EU markets and that remains the same for today. Expect redemption of the bearish trend once the markets comeback after the holiday session with parity for euro being in sight.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
14:30 EUR ECB Economic Bulletin
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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EUR/USD. Pair after opening at 1.0390 Made a low of 1.0380 and saw the pair trading with buying interest near the 1.04 mark and few days back the pair has 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 that target is done and the pair can face a strong resistance near 1.0480 mark near term high so intraday sell on rise
Fundamental Overview
Euro is trading at 1.0437, remaining supported near the 1.04 handle as traders begin to move to the sidelines before the holiday season. There was no major data from the EU markets and that remains the same for today. Expect redemption of the bearish trend once the markets comeback after the holiday session with parity for euro being in sight.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
14:30 EUR ECB Economic Bulletin