EUR/USD TECHNICAL OUTLOOK : 02.03.2017
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
EUR/USD. Pair after Opening at 1.0572 and made high of 1.0589 and could not surpass the levels of 1.06 and seen some side wise activity but on the larger time frame the pair r has been making lower top and bottom and pair remains week, if not able to surpass the levels of 1.06 then the pair can test levels of 1.05 in the intraday sessions so any rise shall be utilize to sell the pair in the near term.
Fundamental Overview
Euro is trading at 1.0530, continuing to trade on a weaker note against the US dollar as policy divergence between the US and the EU remained a key theme. Economic data was reported was close to expectations but failed to stop the fall in Euro. European inflation and unemployment data to be reported today. The Eurusd pair is likely to find some support near the 1.05 level and might need another push to break lower.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
15:30 EUR Core CPI (YoY) (Feb) 0.90% 0.90%
15:30 EUR CPI (YoY) (Feb) 2.00% 1.80%
15:30 EUR Unemployment Rate (Jan) 9.60% 9.60%
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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EUR/USD. Pair after Opening at 1.0572 and made high of 1.0589 and could not surpass the levels of 1.06 and seen some side wise activity but on the larger time frame the pair r has been making lower top and bottom and pair remains week, if not able to surpass the levels of 1.06 then the pair can test levels of 1.05 in the intraday sessions so any rise shall be utilize to sell the pair in the near term.
Fundamental Overview
Euro is trading at 1.0530, continuing to trade on a weaker note against the US dollar as policy divergence between the US and the EU remained a key theme. Economic data was reported was close to expectations but failed to stop the fall in Euro. European inflation and unemployment data to be reported today. The Eurusd pair is likely to find some support near the 1.05 level and might need another push to break lower.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
15:30 EUR Core CPI (YoY) (Feb) 0.90% 0.90%
15:30 EUR CPI (YoY) (Feb) 2.00% 1.80%
15:30 EUR Unemployment Rate (Jan) 9.60% 9.60%
