EURINR Intraday Outlook : 29.3.2017
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 1.0815, reversing from the levels of 1.0872 as US dollar strengthens against basket of currencies. ECB’s Makuch in a meeting said that current monetary policy is needed to be maintained until the inflation has further stabilized. Today's calendar remains light, with leaving investors to look ahead to the official start of the Brexit deadline when the U.K. triggers Article 50 today and March inflation data for the Eurozone which is scheduled later this week, which should take some pressure off Draghi. Meanwhile more officials are adding to warnings that a hard Brexit that sees the U.K. crashing out of the EU and the single market is a real possibility. Expect EUR/USD pair to trade in the range of 1.0800-1.0850.