EUR/USD TECHNICAL OUTLOOK : 19.01.2017
EUR/USD. Pair after opening at 1.0711 yesterday made a high of 1.0717 and traded with a positive bias to side wise bias yesterday but after our market closed it violated the supports of 1.0670 and trading below now that levels will act as a resistance and likely to see some supply coming in so sell the pair at higher levels.
Fundamental Overview
Euro is trading at 1.0630, depreciating against the US dollar after Yellen's comments after remaining hinged to the 1.07 mark for most of the Asian and the European sessions. Inflation numbers reported yesterday were in line with expectations and the ECB policy announcement today is being considered as a non-event by the markets. It is all dependent on how the markets treat the US dollar today. we expect a range of 1.0575-1.07 in the near term.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
18:15 EUR Deposit Facility Rate -0.40% -0.40%
18:15 EUR ECB Interest Rate Decision (Jan) 0.00% 0.00%
19:00 EUR ECB Press Conference
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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Fundamental Overview
Euro is trading at 1.0630, depreciating against the US dollar after Yellen's comments after remaining hinged to the 1.07 mark for most of the Asian and the European sessions. Inflation numbers reported yesterday were in line with expectations and the ECB policy announcement today is being considered as a non-event by the markets. It is all dependent on how the markets treat the US dollar today. we expect a range of 1.0575-1.07 in the near term.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
18:15 EUR Deposit Facility Rate -0.40% -0.40%
18:15 EUR ECB Interest Rate Decision (Jan) 0.00% 0.00%
19:00 EUR ECB Press Conference
