Sunday, February 19, 2017

EUR/USD TECHNICAL OUTLOOK : 20.02.2017

EUR/USD TECHNICAL OUTLOOK : 20.02.2017
NIFTY FUT  TREND             : BUY ZONE
BANKNIFTY FUT  TREND  : BUY ZONE


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EUR/USD. Pair after opening at 1.0669 made high of .10677 and was trading with some sidewise bias the pair has is not able to take out the levels of 1.07 and reversed signifying bears are aggressive at higher levels and supply coming in at higher levels likely to trade with some negative bias so utilize rise to sell the pair on intraday basis.

Fundamental Overview

Euro is trading at 1.0611, returning from the highs near to the 1.07 levels that were seen on Friday. There was no major data from either side of the Atlantic but political concerns and policy divergence between the Euro area and the US would limit strong upmoves in the shared currency.

Economic Data & News

TIME COUNTRY DATA ACTUAL SURV PREVIOU S
12:30 EUR German PPI (MoM) (Jan) 0.30% 0.40%