EUR/USD TECHNICAL OUTLOOK : 23.01.2017
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
EUR/USD. Pair after opening at 1.0661 last trading day made a high of 1.0710 and could not sustain the lower levels and bounced after the inauguration speech by trump now 1.0650 will act as a strong support while strong resistance comes at 1.08 and pair likely o trade volatile with positive bias trade the mention range.
Fundamental Overview
Euro is trading at 1.0740, appreciating against the US dollar as the later was sold off after the inauguration on Friday. Lack of any major announcement in the policy front made traders close long dollar positions that benefited the euro in return. Longer term outlook remains weak for the Euro as the ECB has pledged to leave the accommodating policy in place and as political uncertainty will limit the euro strength. Today can be expected to be a euro positive session.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
17:00 EUR ECB President Draghi Speaks
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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Fundamental Overview
Euro is trading at 1.0740, appreciating against the US dollar as the later was sold off after the inauguration on Friday. Lack of any major announcement in the policy front made traders close long dollar positions that benefited the euro in return. Longer term outlook remains weak for the Euro as the ECB has pledged to leave the accommodating policy in place and as political uncertainty will limit the euro strength. Today can be expected to be a euro positive session.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
17:00 EUR ECB President Draghi Speaks