EUR/USD TECHNICAL OUTLOOK : 23.09.2016

EUR/USD TECHNICAL OUTLOOK : 23.09.2016

NIFTY Fut               : BUY ZONE
BANKNIFTY FUT : BUY ZONE
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EUR/USD. Pair after opening at 1.1197Made a high of 1.1257 and was trading with side wise to positive bias the pair had taking support near 200Dma around 1.1120 and has reversed but 1.1250 levels is acting as a strong resistance in the pair so for the day pair is likely to volatile in the range of 1.1150-1.1250

Fundamental Overview

Euro is trading at 1.1200, continuing to appreciate against the US dollar after the FOMC decision. Euro traded above the 1.1250 mark only to fizzle back below the 1.12 mark in the Asian session. The movement in the shared currency was influenced by the US dollar but today’s economic data from EU might decide the direction for Euro. Weaker data could drive the pair lower near to the 1.11 mark.

Economic Data & News

TIME COUNTRY DATA ACTUAL SURV PREVIOUS
13:00:00 EUR German Manufacturing PMI (Sep) 53.1 53.6
13:00:00 EUR German Services PMI (Sep) 52.1 51.7
13:30:00 EUR Manufacturing PMI (Sep) 51.5 51.7
13:30:00 EUR Markit Composite PMI (Sep) 52.8 52.9
13:30:00 EUR Services PMI (Sep) 52.8 52.8
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