EUR/USD TECHNICAL OUTLOOK : 03.02.2017
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
Fundamental Overview
Euro is trading at 1.0766, after topping at 1.0828 yesterday, which came following higher EU PPI data. There was nothing terribly to the modest declines in the US session, as the dollar overall had been on an upwardly sloping path. Services PMI and retail sales would be in focus but US non-farm data would be the key driver and decide if the Euro can breach the 1.08 mark.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
14:25 EUR German Services PMI (Jan) 53.2 53.2
14:30 EUR Markit Composite PMI (Jan) 54.3 54.3
14:30 EUR Services PMI (Jan) 53.6 53.6
15:30 EUR Retail Sales (MoM) (Dec) 0.30% -0.40%
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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EUR/USD. Pair after opening at 1.0764 mad e high of 1.0829 and reversed and formed a gravestone doji pattern in the daily chart now 1.08 will act as a short term supply and likely to find strong resistance while supports comes at 1.07 so utilize the rise to sell the pair for the day.
Fundamental Overview
Euro is trading at 1.0766, after topping at 1.0828 yesterday, which came following higher EU PPI data. There was nothing terribly to the modest declines in the US session, as the dollar overall had been on an upwardly sloping path. Services PMI and retail sales would be in focus but US non-farm data would be the key driver and decide if the Euro can breach the 1.08 mark.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
14:25 EUR German Services PMI (Jan) 53.2 53.2
14:30 EUR Markit Composite PMI (Jan) 54.3 54.3
14:30 EUR Services PMI (Jan) 53.6 53.6
15:30 EUR Retail Sales (MoM) (Dec) 0.30% -0.40%