EUR/USD TECHNICAL OUTLOOK : 10.10.2016

EUR/USD TECHNICAL OUTLOOK : 10.10.2016

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EUR/USD. Pair after opening at 1.1146 Made a low of 1.1102 and was consolidating in a narrow range throughout the day , and breakout on the NY session after the non farm payroll data 1.1120 is acting as a strong support in the pair bit 1.1250 it I pair not able to take out so its likely to be in that range

Fundamental Overview

Euro is trading at 1.1195,returning to its recent mean level at 1.12 from a low near 1.11 that was seen before the NFP data was reported on Friday. Euro is likely to continue remaining hinged to the 1.12 level unless there is an external push to drive the currency from its range of 1.11-1.13. There is no data to be reported today and we expect the shared currency to remain hinged near the 1.12 level.

Economic Data & News

TIME COUNTRY DATA ACTUAL SURV PREVIOUS
01:30:00 EUR German Trade Balance (Aug) 20.0B 19.4B
Tentative EUR Eurogroup Meetings
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