EUR/USD TECHNICAL OUTLOOK : 12.01.2017
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
EUR/USD. Pair after opening at 1.0555 yesterday made a high of 1.0623and traded with a negative side, the pair was not able to surpass 1.0620 and reversed in our session and made a recent swing low after the trump speech the pair recovered and now near 1.0600 levels if the pair able to surpass 1.0630 then can see a trending move on the upside.
Fundamental Overview
Euro is trading at 1.0585 after posting a day low of 1.0459 before the speech from president elect Trump. Appreciation in the shared currency was a result of squaring off of the long positions in US dollar and expect some more profit taking in the US dollar. industrial production and ECb minutes are on tap today but 1.0650 should act as a strong resistance.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
15:30 EUR Industrial Production (MoM) (Nov) 0.50% -0.10%
18:00 EUR ECB Publishes Account of Monetary Policy Meeting
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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Fundamental Overview
Euro is trading at 1.0585 after posting a day low of 1.0459 before the speech from president elect Trump. Appreciation in the shared currency was a result of squaring off of the long positions in US dollar and expect some more profit taking in the US dollar. industrial production and ECb minutes are on tap today but 1.0650 should act as a strong resistance.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
15:30 EUR Industrial Production (MoM) (Nov) 0.50% -0.10%
18:00 EUR ECB Publishes Account of Monetary Policy Meeting