EUR/USD TECHNICAL OUTLOOK : 6.3.2017
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
Fundamental Overview
EURO is trading at 1.0611, appreciating against US dollar. The key reason for this move was upcoming French Elections, as per poll of voting intentions for the first round of the French Presidential elections, shows independent candidate Macron ahead of Le Pen, for the first time. Other polls still show Le Pen ahead of Macron and while all suggest that Macron will beat Le Pen in a direct contest. f that continues, we could see relative strength in the euro. Economic calendar remains light for today. We prefer buying EUR/USD pair on dips until it holds 1.0500 levels.
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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EUR/USD. Pair after Opening at 1.507 made a low of 1.500 and saw the pair bouncing from the physiological supports at 1.05 levels and violated the resistance of 1.0525 and traded with positive bias the pair had made a strong bull candle on Friday near 1.05 levels signifying bulls are back and can take the pair until its close below 1.05 levels so intraday traders can utilize the dips to buy the pair.Fundamental Overview
EURO is trading at 1.0611, appreciating against US dollar. The key reason for this move was upcoming French Elections, as per poll of voting intentions for the first round of the French Presidential elections, shows independent candidate Macron ahead of Le Pen, for the first time. Other polls still show Le Pen ahead of Macron and while all suggest that Macron will beat Le Pen in a direct contest. f that continues, we could see relative strength in the euro. Economic calendar remains light for today. We prefer buying EUR/USD pair on dips until it holds 1.0500 levels.