EUR/USD TECHNICAL OUTLOOK : 17.01.2017

EUR/USD TECHNICAL OUTLOOK : 17.01.2017
NIFTY FUT  TREND             : SELL ZONE
BANKNIFTY FUT  TREND  : SELL ZONE


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EUR/USD. Pair after opening at 1.0615 yesterday made a high of 1.0636 and traded with a side wise to positive bias after violating the supports of 1.0625 mark but Could not able to surpass the supports of 1.0570 so that will act as a support on intraday so likely to see some buying coming in the pair.

Fundamental Overview

Euro is trading at 1.06 with limited movement in yesterday's session. Euro clocked a three-session low of 1.0579 before settling around 1.0600. Lack of any cues from the US market led to a stable session in the forex markets. Zews economic sentiment and the UK brexit news would be the key movers for the Euro today.

Economic Data & News

TIME COUNTRY DATA ACTUAL SURV PREVIOUS
15:30 EUR German ZEW Current Conditions (Jan) 65 63.5
15:30 EUR German ZEW Economic Sentiment (Jan) 18.3 13.8
15:30 EUR ZEW Economic Sentiment 24.2 18.1
16:30 EUR ECB's Nowotny Speaks