EUR/USD TECHNICAL OUTLOOK : 20.01.2017
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
EUR/USD. Pair after opening at 1.0633 yesterday made a high of 1.0677 and could not sustain the higher levels and tested the low of 1.06 after the ECB interest rate and again bounced after trading with a positive bias to side wise bias yesterday now pair trading above the resistance of 1.0670 if hold can see further rally in the pair.
Fundamental Overview
Euro is trading at 1.0680 after testing the 1.06 level in the aftermath of the ECB rate policy. Decent data plus a fairly dovish sounding Draghi weighed on the euro, though we continue to look for consolidation ahead of policy announcements from the incoming Trump administration. any uptick in the Euro from current levels can be utilized to sell the pair.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
12:30 EUR German PPI (MoM) (Dec) 0.40% 0.30%
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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Fundamental Overview
Euro is trading at 1.0680 after testing the 1.06 level in the aftermath of the ECB rate policy. Decent data plus a fairly dovish sounding Draghi weighed on the euro, though we continue to look for consolidation ahead of policy announcements from the incoming Trump administration. any uptick in the Euro from current levels can be utilized to sell the pair.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
12:30 EUR German PPI (MoM) (Dec) 0.40% 0.30%