EUR/USD TECHNICAL OUTLOOK : 28.09.2016

EUR/USD TECHNICAL OUTLOOK : 28.09.2016

NIFTY Fut               : SELL ZONE
BANKNIFTY FUT : SELL ZONE

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EUR/USD. Pair after opening at 1.1252Made a high of 1.1260 and was trading with side wise,but after our market closed the pair made a bearish candle this signifies bulls are loosing grip and pair is facing supply near 1.1250 mark so intraday rise shall be utilized to sell the pair at rise

Fundamental Overview

Euro is trading at 1.1200, correcting from higher levels as markets remained anxious about the banking sector in the EU. Fall in the banking stocks led to sell off in the shared currency. ECB chairman Draghi is scheduled to speak in front of German lawmakers but this being a closed meeting we can expect no major impact. He is likely to continue displaying confidence about the EU economy and stimulus program in place

Economic Data & News

TIME COUNTRY DATA ACTUAL SURV PREVIOUS
11:30:00 EUR GfK German Consumer Climate (Oct) 10.2 10.2
20:00:00 EUR ECB President Draghi Speaks 
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