EUR/USD TECHNICAL OUTLOOK : 08.02.2017
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
Fundamental Overview
Euro is trading at 1.0685, droping to a low of 1.0658 in yesterdays session as political uncertainty weighs down on the Euro. The euro has also been pushed lower after the weaker than expected German industrial production data which has declined by 3% in January. Expect 1.07 to act as a fulcrum and we prefer fading upticks in todays market.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
Tentative EUR EU Economic Forecasts
16:05 EUR German 10-Year Bund Auction 0.36%
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 and yesterday after violating the levels of 1.07the pair had strong trend on the down side, now 1.08 will likely to become strong supply zone and any rise would be shorting opportunity.Fundamental Overview
Euro is trading at 1.0685, droping to a low of 1.0658 in yesterdays session as political uncertainty weighs down on the Euro. The euro has also been pushed lower after the weaker than expected German industrial production data which has declined by 3% in January. Expect 1.07 to act as a fulcrum and we prefer fading upticks in todays market.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
Tentative EUR EU Economic Forecasts
16:05 EUR German 10-Year Bund Auction 0.36%