EUR/USD TECHNICAL OUTLOOK : 16.02.2017
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
Fundamental Overview
Euro is trading at 1.0618, bouncing back from the lows of 1.0522 that were seen after the US economic data was reported yesterday. European trade balance was reported higher but the key driver for the euro was the US dollar related news yesterday. Expect the EURUSD pair to top out at 1.06-1.0650 and could give a good opportunity to sell.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
7:30 EUR ECB Publishes Account of Monetary Policy Meeting
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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EUR/USD. Pair after opening at 1.0577 made high of .10610 and was taken the resistance near 1.0519 and rejected to go below the levels of 1.05 and bounced and the bounce likely to continue as minor trend within primary trend has reversed and the pair can test the levels of 1.0650 in immediate future on near term traders can buy but long term still remains sell on rise.Fundamental Overview
Euro is trading at 1.0618, bouncing back from the lows of 1.0522 that were seen after the US economic data was reported yesterday. European trade balance was reported higher but the key driver for the euro was the US dollar related news yesterday. Expect the EURUSD pair to top out at 1.06-1.0650 and could give a good opportunity to sell.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
7:30 EUR ECB Publishes Account of Monetary Policy Meeting