EUR/USD TECHNICAL OUTLOOK:7.11.2016
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
EUR/USD. Pair after opening at 1.1104 Made a high of 1.1149 and traded with some trending to positive bias the pair had strong fall from the levels of 1.15 and fall below the supports of 1.10 mark and the pair could not surpass the levels of 1.1200 and reversed this signifies the aggressiveness of bear at higher levels so any rise is a shorting opportunity in the pair
Fundamental Overview
Euro is trading at 1.1077, opening gap down in the Asian session as US positive news faded the demand for Euro. It is likely that such knee jerk reaction could continue into the European session and we can expect a test of 1.10 going into the US elections. A win for Hillary Clinton would take the pair towards 1.0850 by the end of this week.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
12:30:00 PM EUR German Factory Orders (MoM) (Sep) 0.30% 1.00%
3:30:00 PM EUR Retail Sales (MoM) (Sep) -0.30% -0.10%
6:30:00 PM EUR Eurogroup Meetings
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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Fundamental Overview
Euro is trading at 1.1077, opening gap down in the Asian session as US positive news faded the demand for Euro. It is likely that such knee jerk reaction could continue into the European session and we can expect a test of 1.10 going into the US elections. A win for Hillary Clinton would take the pair towards 1.0850 by the end of this week.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
12:30:00 PM EUR German Factory Orders (MoM) (Sep) 0.30% 1.00%
3:30:00 PM EUR Retail Sales (MoM) (Sep) -0.30% -0.10%
6:30:00 PM EUR Eurogroup Meetings
