EUR/USD TECHNICAL OUTLOOK : 16.01.2017
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
EUR/USD. Pair after opening at 1.0612 yesterday made a high of 1.0675 and traded with a positive bias after violating the resistance of 1.0625 mark but after our session and made a high of 1.0675 the pair is able to maintain above the resistance of 1.0625 but 1.0670-1.0680 will act as a resistance so sell the pair at rise.
Fundamental Overview
Euro is trading at 1.0625, down from 1.0675 to session lows of 1.0597 following the early U.S. round of data, though was unable to hold on to the 1.05 handle into a long U.S. weekend. Intra day short covering took the pairing back to the 1.0640 region. There is no major data to be reported today and we expect the pair to test 1.06 mark and hover near this level today.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
13:00 EUR Investing.com EUR/USD Index 37.00%
15:30 EUR Trade Balance (Nov) 22.0B 20.1B
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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Fundamental Overview
Euro is trading at 1.0625, down from 1.0675 to session lows of 1.0597 following the early U.S. round of data, though was unable to hold on to the 1.05 handle into a long U.S. weekend. Intra day short covering took the pairing back to the 1.0640 region. There is no major data to be reported today and we expect the pair to test 1.06 mark and hover near this level today.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
13:00 EUR Investing.com EUR/USD Index 37.00%
15:30 EUR Trade Balance (Nov) 22.0B 20.1B