EURINR Intraday Outlook : 30.3.2017
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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EURO is trading at 1.0747, depreciating against US dollar after a report surfaced, suggesting that European Central Bank policymakers are wary of adjusting their policy message in April, as it may lead to a surge borrowing costs for member countries.. Traded in a range of 1.0827-1.0738 in yesterday’s session. US dollar strength has driven EUR/USD pair, after better than expected US Pending home Sale’s data. There was no economic data reported yesterday. With the U.K. signing off on Article 50 formalizing Brexit talks, and French and German elections ahead, political risks in Europe continue to take centre stage and against that background central banks are keeping their options open amid an equally uncertain global environment. Today, in terms of economic data we have German CPI data to be reported. Expect 1.0770 to act as pivot in today’s session.