EUR/USD TECHNICAL OUTLOOK : 09.01.2017
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
EUR/USD. Pair after opening at 1.0489 Euro is trading at 1.0535, after making a high of 1.0623 during the NFP data release. Traders have attributed the rise in Euro to short covering but the longer term picture remains to be negative now 1.05 levels is pivot to watch any close below can take the pair to its recent swing low of 1.0350 levels so the pair remains sell on rise.
Fundamental Overview
Euro is trading at 1.0535, after making a high of 1.0623 during the NFP data release. Traders have attributed the rise in Euro to short covering but the longer term picture remains to be negative for the shared currency. German import and industrial production on tap for the day but expect a slow start to the Euro and a recovery in weakness during the European session.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
12:30:00 EUR German Industrial Production (MoM) (Nov) 0.60% 0.30%
12:30:00 EUR German Trade Balance (Nov) 21.2B 20.5B
15:30:00 EUR Unemployment Rate (Nov) 9.80% 9.80%
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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Fundamental Overview
Euro is trading at 1.0535, after making a high of 1.0623 during the NFP data release. Traders have attributed the rise in Euro to short covering but the longer term picture remains to be negative for the shared currency. German import and industrial production on tap for the day but expect a slow start to the Euro and a recovery in weakness during the European session.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
12:30:00 EUR German Industrial Production (MoM) (Nov) 0.60% 0.30%
12:30:00 EUR German Trade Balance (Nov) 21.2B 20.5B
15:30:00 EUR Unemployment Rate (Nov) 9.80% 9.80%