EUR/USD TECHNICAL OUTLOOK : 8.3.2017
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
Fundamental Overview
EURO is trading at 1.0565, The German and French FinMins yesterday placed their view that the remaining 27 members of the EU stick together and maintain a firm position in response to the Brexit. German industrial production numbers are expected to have rebounded in January from the sharp decline in December, but could come in weaker than anticipated following the miss in orders numbers for January. We prefer going long on EURO from 1.0540 levels.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
12:30 EUR German Industrial Production (MoM) (Jan) 2.50% -3.00%
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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EUR/USD. Pair after Opening 1.0580 made a high of 1.0603 and was trading with a neutral bias during the day, the pair has taken a support at physiological support at 1.05 and few days back the pair made a strong bullish candle that signifies some demand at lower levels so until the pair violates the levels of 1.05 dips shall be utilize to buy the pair.Fundamental Overview
EURO is trading at 1.0565, The German and French FinMins yesterday placed their view that the remaining 27 members of the EU stick together and maintain a firm position in response to the Brexit. German industrial production numbers are expected to have rebounded in January from the sharp decline in December, but could come in weaker than anticipated following the miss in orders numbers for January. We prefer going long on EURO from 1.0540 levels.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
12:30 EUR German Industrial Production (MoM) (Jan) 2.50% -3.00%
