EUR/USD TECHNICAL OUTLOOK : 29.09.2016

EUR/USD TECHNICAL OUTLOOK : 29.09.2016

NIFTY Fut               : BUY ZONE
BANKNIFTY FUT : BUY ZONE

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EUR/USD. Pair after opening at 1.1228Made a high of 1.1237 and was trading with side wise, but after our 1.1190 is acting as a strong support for near term and yesterday formed a doji pattern signifies indecision in the pair so the pair is likely to trade in the range of 1.1150-1.1270 for near term , but intraday below 1.12 can be utilized to enter the pair

Fundamental Overview

Euro is trading at 1.1225, trading near to the 1.12 mark after a brief stint at 1.1185 in yesterday’s session. Euro appreciated marginally after the news that the German government would rescue deutsche bank. ECB chairman Draghi spoke yesterday and continued to allay confidence about the current state of affairs and there was no mention of any additional stimulus. No major data from the EU today and the pair is likely to trade between 1.12 and 1.1250

Economic Data & News

TIME COUNTRY DATA ACTUAL SURV PREVIOUS
13:25:00 EUR German Unemployment Change (Sep) -5K -7K
13:25:00 EUR German Unemployment Rate (Sep) 6.10% 6.10%
17:30:00 EUR German CPI (MoM) (Sep) 0.00% 0.00%
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