Monday, January 2, 2017

EUR/USD TECHNICAL OUTLOOK : 03.01.2017

EUR/USD TECHNICAL OUTLOOK : 03.01.2017
NIFTY FUT  TREND             : BUY ZONE
BANKNIFTY FUT  TREND  : BUY ZONE


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EUR/USD. Pair after opening at 1.0527Made a high of 1.0529 and was not able to sustain the physiological mark of 1.05 levels now 1.05 is the levels to watch as its close below the levels so 1.0350 to 1.0650 would be the range for the month but the pair remains week as forming lower top and bottom on daily scale but
intraday can buy the pair.

Fundamental Overview

EURO trading at 1.0470 Eurozone Manufacturing PMI data came for the month of December stand at 54.9 which has met the estimates. We do not have any major news from the Eurozone for today and we have the ISM Manufacturing PMI data from the US. The pair likely to consolidate

Economic Data & News

TIME COUNTRY DATA ACTUAL SURV PREVIOUS
14:25:00 EUR German Unemployment Change (Dec) -5K -5K
14:25:00 EUR German Unemployment Rate (Dec) 6.00% 6.00%
18:30:00 EUR German CPI (MoM) (Dec) 0.60% 0.10%