Tuesday, January 10, 2017

EUR/USD TECHNICAL OUTLOOK : 11.01.2017

EUR/USD TECHNICAL OUTLOOK : 11.01.2017
NIFTY FUT  TREND             : BUY ZONE
BANKNIFTY FUT  TREND  : BUY ZONE


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EUR/USD. Pair after opening at 1.0585 yesterday made a high of 1.0627and traded with a negative side, the pair was not able to surpass 1.0620 and reversed creating a shooting star candle on the 30 min chart the pair can test the recent swing of 1.05 and can head lower so sell on rise for the day.

Fundamental Overview

Euro is trading at 1.0559, unable to stay above the 1.06 mark after multiple attempts in yesterday's session. Economic data was light yesterday and remains the same for today as well for the Euro zone. US dollar sentiment will remain in the driving seat for the Euro in today's trade and Trump's speech could induce some needed volatility to force the pair to break from the recent range of 1.05-1.0640.

Economic Data & News

TIME COUNTRY DATA ACTUAL SURV PREVIOUS
16:05 EUR German 10-Year Bund Auction 0.21%