Sunday, March 26, 2017

EURINR Intraday Outlook : 27.3.2017

EURINR Intraday Outlook : 27.3.2017
NIFTY FUT  TREND             : SELL ZONE
BANKNIFTY FUT  TREND  : SELL ZONE


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The euro moved back above $1.08 as the euro-zone composite PMI hit its highest level in six years. The single currency was up 0.19% at $1.0804 at 07.15 ET Friday after an intraday low of $1.0761. Markit's composite PMI in March rose to 56.7 from 56.0 the previous month. The composite PMI, which combined services and manufacturing, was forecast to fall to 55.8. German and French PMIs also beat estimates. The German Ifo Business Climate and the M3 Money Supply would be watched on by the Markets to guage the further strength in the Euro.