EUR/USD TECHNICAL OUTLOOK : 26.09.2016

EUR/USD TECHNICAL OUTLOOK : 26.09.2016

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EUR/USD. Pair after opening at 1.1197Made a high of 1.1257 and was trading with side wise to positive bias the pair had taking support near 200Dma around 1.1120 and has reversed but 1.1250 levels is acting as a strong resistance in the pair so for the day pair is likely to volatile in the range of 1.1150-1.1250

Fundamental Overview

Euro is trading at 1.1231, continuing to trade in the broader range after the eventful week. There is no major news flow from the EU and the trading range between 1.11-1.13 is likely to remain in play. German business climate and expectations are likely to add some volatility but the movement would be limited.

Economic Data & News

TIME COUNTRY DATA ACTUAL SURV PREVIOUS

13:30:00 EUR German Business Expectations (Sep) 100.2 100.1
13:30:00 EUR German Current Assessment (Sep) 113 112.8
13:30:00 EUR German Ifo Business Climate Index (Sep) 106.4 106.2
20:35:00 EUR ECB President Draghi Speaks
21:30:00 EUR ECB's Nowotny Speaks 
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