EUR/USD TECHNICAL OUTLOOK : 15.02.2017
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
Fundamental Overview
Euro is trading at 1.0575, losing ground against the dollar after hawkish comments from Yellen in her
testimony to the US senate. German and European CPI, GDP and economic sentiment index were reported below expectations and added downward pressure on the Euro. European trade balance data on tap but the dollar would be the key driver today.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
15:30 EUR Trade Balance (Dec) 22.8B 25.9B
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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EUR/USD. Pair after opening at 1.0596 made high of .10634 and was taken the resistance near 1.0650 mark and could not surpass the immediate resistance of 1.0750 and violated the supports of 1.06 and now trading below the said levels likely to find strong resistance at 1.06 so utilize rise to sell the pair in the near term.Fundamental Overview
Euro is trading at 1.0575, losing ground against the dollar after hawkish comments from Yellen in her
testimony to the US senate. German and European CPI, GDP and economic sentiment index were reported below expectations and added downward pressure on the Euro. European trade balance data on tap but the dollar would be the key driver today.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
15:30 EUR Trade Balance (Dec) 22.8B 25.9B