EUR/USD TECHNICAL OUTLOOK : 27.10.2016
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
EUR/USD. Pair after opening at 1.0888 Made a high of 1.0947 and traded with some positive bias the pair had strong fall few, back after the ECB interest rate decision, and violated the supports of 1.0950 levels and now that will become a strong resistance and pair likely to find strong supply near that zone, so utilize any rise to short the pair
Fundamental Overview
Euro is trading at 1.0903, after a brief surge near the 1.0950 level in yesterday’s trade. Economic data
continued to remain upbeat with the import prices growing in Germany. With a review of the current policy in December, we expect further stimulus to be added then and stay with the view that any rise in the currency is an opportunity to sell, especially near 1.0950.
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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EUR/USD. Pair after opening at 1.0888 Made a high of 1.0947 and traded with some positive bias the pair had strong fall few, back after the ECB interest rate decision, and violated the supports of 1.0950 levels and now that will become a strong resistance and pair likely to find strong supply near that zone, so utilize any rise to short the pair
Fundamental Overview
Euro is trading at 1.0903, after a brief surge near the 1.0950 level in yesterday’s trade. Economic data
continued to remain upbeat with the import prices growing in Germany. With a review of the current policy in December, we expect further stimulus to be added then and stay with the view that any rise in the currency is an opportunity to sell, especially near 1.0950.
