EUR/USD TECHNICAL OUTLOOK : 27.09.2016

EUR/USD TECHNICAL OUTLOOK : 27.09.2016

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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 1.1242, correcting from 1.1280 that was seen in the yesterday’s session. Positive German business climate index and current assessment helped the euro rally in yesterday’s session but the pair failed to breach the 1.13 mark. We expect the range bound trade in Euro continue in this week.
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