EUR/USD TECHNICAL OUTLOOK : 10.01.2017
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
EUR/USD. Pair after opening at 1.0532 yesterday is trading at 1.0610, after making a high of 1.0613 and is respected the levels of 1.05 so the pair is likely to trade with a positive bias for the intraday sessions, so the pair can test the previous highs of 1.0625 and higher so advise buying for the day at lower levels
Fundamental Overview
Euro is trading at 1.0586, near to the highs that were seen yesterday. 1.0513 was the low for yesterday and the pair bounced back from near the 1.05 level which has been acting as a resistance in the recent past. import and Export data from Germany was better than expected but German industrial production was reported lower. No data to be reported today and we expect 1.06-1.0650 zone to act as a strong resistance.
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 : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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Fundamental Overview
Euro is trading at 1.0586, near to the highs that were seen yesterday. 1.0513 was the low for yesterday and the pair bounced back from near the 1.05 level which has been acting as a resistance in the recent past. import and Export data from Germany was better than expected but German industrial production was reported lower. No data to be reported today and we expect 1.06-1.0650 zone to act as a strong resistance.
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%