EUR/USD TECHNICAL OUTLOOK : 13.01.2017
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
EUR/USD. Pair after opening at 1.0582 yesterday made a high of 1.0685 and traded with a positive bias after violating the resistance of 1.0625 mark but after our session pair reversed and wend below the support of 1.0630 and today likely to trade range bound with some negative bias so utilize rise to sell the pair.
Fundamental Overview
Euro is trading at 1.06 after making an attempt to reach the 1.07 mark in yesterday's session. The pullback comes as Wall Street comes off its worst levels, and after the ECB minutes indicated that the central bank was ready to ease further if required. The euro has held up fairly well overall, and was helped ahead of the open by better German GDP and EU production data. Further weakness in the Euro can be expected after the retail sales data.
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 : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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Fundamental Overview
Euro is trading at 1.06 after making an attempt to reach the 1.07 mark in yesterday's session. The pullback comes as Wall Street comes off its worst levels, and after the ECB minutes indicated that the central bank was ready to ease further if required. The euro has held up fairly well overall, and was helped ahead of the open by better German GDP and EU production data. Further weakness in the Euro can be expected after the retail sales data.
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