Monday, February 13, 2017

EUR/USD TECHNICAL OUTLOOK : 14.02.2017

EUR/USD TECHNICAL OUTLOOK : 14.02.2017
NIFTY FUT  TREND             : BUY ZONE
BANKNIFTY FUT  TREND  : BUY ZONE

Free Intraday Tips : Join Our Whatsapp No : 9841986753
Free Commodity Tips : Join our Whatsapp No : 9094047040

EUR/USD. Pair after opening at 1.0659 made high of 1.0657 and was taken the resistance near 1.0650 mark and reversed going ahead 1.07 has become a strong resistance and on the down side the pair has violated the supports of 1.06 so likely to test levels of 1.0550 in coming sessions sell on any intraday rise.

Fundamental Overview

Euro is trading at 1.0591, continuing to trend lower as markets focus on the political uncertainty and the debt troubles brewing in Greece. German and European CPI, Q4 GDP and economic sentiment indicator data to be reported today and will keep Euro traders busy all day. 1.06 will act as a fulcrum for now and higher levels to be used to shorting the shared currency.

Economic Data & News

TIME COUNTRY DATA ACTUAL SURV PREVIOUS
12:30 EUR German CPI (MoM) (Jan) -0.60% -0.60%
12:30 EUR German GDP (YoY) (Q4) 1.70% 1.50%
12:30 EUR German GDP (QoQ) (Q4) 0.50% 0.20%
15:30 EUR German ZEW Current Conditions (Feb) 77.2 77.3
15:30 EUR German ZEW Economic Sentiment (Feb) 15 16.6
15:30 EUR GDP (YoY) (Q4) 1.80% 1.80%
15:30 EUR GDP (QoQ) (Q4) 0.50% 0.50% GBP/
Posted by