EUR/USD TECHNICAL OUTLOOK : 16.01.2017

EUR/USD TECHNICAL OUTLOOK : 16.01.2017
NIFTY FUT  TREND             : SELL ZONE
BANKNIFTY FUT  TREND  : SELL ZONE


Free Intraday Tips : Join Our Whatsapp No : 9841986753
Free Commodity Tips : Join our Whatsapp No : 9094047040

EUR/USD. Pair after opening at 1.0612 yesterday made a high of 1.0675 and traded with a positive bias after violating the resistance of 1.0625 mark but after our session and made a high of 1.0675 the pair is able to maintain above the resistance of 1.0625 but 1.0670-1.0680 will act as a resistance so sell the pair at rise.

Fundamental Overview

Euro is trading at 1.0625, down from 1.0675 to session lows of 1.0597 following the early U.S. round of data, though was unable to hold on to the 1.05 handle into a long U.S. weekend. Intra day short covering took the pairing back to the 1.0640 region. There is no major data to be reported today and we expect the pair to test 1.06 mark and hover near this level today.

Economic Data & News

TIME COUNTRY DATA ACTUAL SURV PREVIOUS
13:00 EUR Investing.com EUR/USD Index 37.00%
15:30 EUR Trade Balance (Nov) 22.0B 20.1B