EUR/USD TECHNICAL OUTLOOK : 15.09.2016

EUR/USD TECHNICAL OUTLOOK : 15.09.2016
NIFTY Fut               : SELL ZONE
BANKNIFTY FUT : SELL ZONE
Click Here  & Register To Get 2 days Trial Tips
Free Intraday Tips : Join Our Whatsapp No : 9841986753


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 1.1246, appreciating against the US dollar despite the weak industrial production data that was reported yesterday. European inflation for the month of August is due to be reported today and weaker data could drive the pair lower and the opposite result could limit the appreciation near 1.13.

Economic Data & News

TIME COUNTRY DATA ACTUAL SURV PREVIOUS
14:30:00 EUR Core CPI (YoY) (Aug) 0.80% 0.80%
14:30:00 EUR CPI (YoY) (Aug) 0.20% 0.20%
14:30:00 EUR CPI (MoM) (Aug) 0.10% -0.60%
14:30:00 EUR Trade Balance (Jul) 25.0B 29.2B

Presented by

DISCLAIMER

The suggestions made herein are for information purposes and are not recommendations to any person to buy or sell any securities. The information is derived from various sources that are deemed to be reliable but its accuracy and completeness are not guaranteed.Our blog does not accept any liability for the use of this column. Readers of this column who buy or sell securities based on the information in this column are solely responsible for their actions. And we won't be liable or responsible for any legal or financial losses made by anyone .Any surfing and reading of the information available in this blog is the acceptance of this disclaimer.