EUR/USD TECHNICAL OUTLOOK : 09.02.2017
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
EUR/USD. Pair after opening at 1.0681 mad e low of 1.0638 and was trading with a negative bias the pair is not able surpass the supports of 1.06 and bounce and on 30min charts forming a inverted head and shoulder signifying a small reversal so until the pair violates the 1.06 mark on down side can head higher intraday.
Fundamental Overview
Euro is trading at 1.0685, continued to remain under pressure with the shared currency testing 1.0640 low in yesterday’s session. Political uncertainty in the EU, emerging out of the French elections that are scheduled for April 23rd continues to keep markets on the short side of the Euro and with limited economic data to be reported today, expect another weak day for the euro. We prefer remaining on the short side of Euro for the time being.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
12:30 EUR German Trade Balance (Dec) 21.4B 21.7B
12:30 EUR German Exports (MoM) (Dec) -1.10% 3.90%
12:30 EUR German Imports (MoM) (Dec) -1.00% 3.50%
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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Fundamental Overview
Euro is trading at 1.0685, continued to remain under pressure with the shared currency testing 1.0640 low in yesterday’s session. Political uncertainty in the EU, emerging out of the French elections that are scheduled for April 23rd continues to keep markets on the short side of the Euro and with limited economic data to be reported today, expect another weak day for the euro. We prefer remaining on the short side of Euro for the time being.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
12:30 EUR German Trade Balance (Dec) 21.4B 21.7B
12:30 EUR German Exports (MoM) (Dec) -1.10% 3.90%
12:30 EUR German Imports (MoM) (Dec) -1.00% 3.50%