Thursday, February 9, 2017

EUR/USD TECHNICAL OUTLOOK : 10.02.2017

EUR/USD TECHNICAL OUTLOOK : 10.02.2017
NIFTY FUT  TREND             : BUY ZONE
BANKNIFTY FUT  TREND  : BUY ZONE


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EUR/USD. Pair after opening at 1.0697 mad e high of 1.0710 and was taken the resistance near 1.07 mark and reversed going ahead 1.08 has become a strong resistance and on the down side the pair is not violating the supports of 1.06 so likely to trade In the range with some negative bias.

Fundamental Overview

Euro is trading at 1.0654, dropped from above the 1.07 levels as markets reacted to the Trump remarks on Tax cuts. Euro, however will continue to remain under pressure with the uncertainty surrounding French elections playing a key role. We continue to recommend selling every rise in the shared currency from this point on.

Economic Data & News

TIME COUNTRY DATA ACTUAL SURV PREVIOUS
15:30 EUR German Buba President Weidmann Speaks