EUR/USD TECHNICAL OUTLOOK : 14.09.2016

EUR/USD TECHNICAL OUTLOOK : 14.09.2016

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BANKNIFTY FUT : SELL ZONE

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EUR/USD. Pair after opening at 1.1229 Made a high of 1.1268 and was trading with side wise to negative bias, during the day after violating the supports of 1.1260 the pair is having strong supply coming in above 1.3 mark and not able to close above the said levels so any rise in the pair is shorting opportunity with Macd indicator remaining on the neutral side

Fundamental Overview

Euro is trading at 1.1221, depreciating marginally as compared to the other majors. Zew economic sentiment from the Europe and Germany, that was reported yesterday, came in below expectations but the drop in euro remains subdued. There is no major data from the EU today and we expect the Euro to trend below the 1.12 mark if the equity markets slump continues today.

Economic Data & News

TIME COUNTRY DATA ACTUAL SURV PREVIOUS
14:30:00 EUR Industrial Production (MoM) (Jul) -0.90% 0.60%
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