EURINR Intraday Outlook : 6.4.2017
NIFTY FUT TREND : SELLZONE
BANKNIFTY FUT TREND : BUY ZONE
NIFTY FUT TREND : SELLZONE
BANKNIFTY FUT TREND : BUY ZONE
Free Intraday Tips : Join Our Whatsapp No : 9841986753
Free Commodity Tips : Join our Whatsapp No : 909404704
EURO is trading at 1.0675, trading in a narrow range of 1.0690-1.0632 in yesterday’s session. We haves seen euro remaining under pressure just after the better than expected ADP jobs data was reported. FOMC meeting minutes of 14th march was hawkish as the central bank has raised the interest rates for the first time this year, but there was no impact on euro. Even the upcoming French elections had no impact on the shared currency. German & euro zone’s Service PMI and Markit composites data which was reported yesterday was lower than expectations. Looking ahead, today markets to focus on speeches ECB officials where ECB President Draghi’s is also scheduled speak. Expect EUR/USD pair to continue to trade in the narrow range of 1.0690-1.0645.