EUR/USD TECHNICAL OUTLOOK : 2.12.2016
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
EUR/USD. Pair after opening at 1.0595 Made a high of 1.0669 and saw the pair trading sidewise in the range of 1.0580-1.0690 for past days and i1.0700 is acting as a strong resistance in the pair and pair is forming lower top and lower bottom formation on daily time frame but and will likely to find support at lower levels of 1.0590 but intraday utilize sell on rise for the pair.
Fundamental Overview
Euro is trading at 1.0673, appreciating against the US dollar as the dollar rally stalled. Economic data
reported from the EU was in line with expectations but all focus would be on the Italian referendum due to be held this Sunday. Expect a test of 1.07 in the day’s session as investors continue to book profits before the key US data. Euro remains a sell on rallies going into the FOMC meeting on the 15th.
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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Fundamental Overview
Euro is trading at 1.0673, appreciating against the US dollar as the dollar rally stalled. Economic data
reported from the EU was in line with expectations but all focus would be on the Italian referendum due to be held this Sunday. Expect a test of 1.07 in the day’s session as investors continue to book profits before the key US data. Euro remains a sell on rallies going into the FOMC meeting on the 15th.