EUR/USD TECHNICAL OUTLOOK : 28.02.2017
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
Fundamental Overview
Euro is trading at 1.0580, failing to sustain above the 1.06 mark in the US session. Euro was boosted by the recent French poll results that showed Le Penn might not be able to win the second round of the French elections. This drove the pair higher but the longer term picture continues to remain weak for the euro with the divergence in monetary policy between the EU and US being the key driver.
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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EUR/USD. Pair after Opening at 1.0560 and a low of 1.0549 and bounce in the US session in and violated the previous highs of 1.0620 but could not sustain, need to wait how the pair reacts near 1.06 if sustain can bounce till levels of 1.0640 and but as medium term trend remains on the weaker side likely to supply coming in at higher levels.Fundamental Overview
Euro is trading at 1.0580, failing to sustain above the 1.06 mark in the US session. Euro was boosted by the recent French poll results that showed Le Penn might not be able to win the second round of the French elections. This drove the pair higher but the longer term picture continues to remain weak for the euro with the divergence in monetary policy between the EU and US being the key driver.