EUR/USD TECHNICAL OUTLOOK : 21.09.2016

EUR/USD TECHNICAL OUTLOOK : 21.09.2016


NIFTY Fut               : BUY ZONE
BANKNIFTY FUT : BUY ZONE

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EUR/USD. Pair after opening at 1.1153Made a high of 1.1213 and was trading with side wise bias to
positive after facing resistance above 1.12 mark the pair is violated the supports of 1.12 and seen some selling pressure after violating the supports and now that will act as a strong resistance so any rise is a shorting opportunity in the pair for the near term with RSI stand at 43 the pair can test 1.1 mark in coming days

Fundamental Overview

Euro is trading at 1.1149, continuing to remain in a 50 point range after the fall from above the 1.12 mark. Expect the trend to continue before the FOMC statement is reported later in the evening. A dovish statement from the FED would be the only reason that the Euro could rally, else we can expect further down side for the shared currency.

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