EUR/USD TECHNICAL OUTLOOK : 07.02.2017
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
Fundamental Overview
Euro is trading at 1.0718, falling from above the 1.0750 levels that were seen yesterday. Political uncertainty in EU and comments from Draghi that the QQE program will continue weighed down on the euro. That pair has been trading in a narrow range for the last few sessions and is unlikely to break through, if not for a surprise in the German industrial production data that is scheduled to be reported today.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
12:30:00 EUR German Industrial Production (MoM) (Dec) 0.30% 0.40%
22:05:00 EUR German Buba President Weidmann Speaks
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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EUR/USD. Pair after opening at 1.0748mad e high of 1.0750 and was trading with a negative bias the pair is not able surpass the resistance of 1.08 on closing basis a day before and came down so until the pair closes above the 1.08 levels any rise would be shorting opportunity in the pair and we can expected the lower range of 1.06 in the near term so utilize rise to sell the pair.Fundamental Overview
Euro is trading at 1.0718, falling from above the 1.0750 levels that were seen yesterday. Political uncertainty in EU and comments from Draghi that the QQE program will continue weighed down on the euro. That pair has been trading in a narrow range for the last few sessions and is unlikely to break through, if not for a surprise in the German industrial production data that is scheduled to be reported today.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
12:30:00 EUR German Industrial Production (MoM) (Dec) 0.30% 0.40%
22:05:00 EUR German Buba President Weidmann Speaks