EURO was buoyed by strong PPI figures adding to pressure that the ECB will need to maintain interest rates on hold. The dollar rose against the Euro as inflation pressures may spur the central bank to raise interest rates Looking A head for the ECB officials to scheduled to speak whilst attention will also be placed on Retail Sales figures for the month March. Forecasts lie at 0.2%, better then previous figures of -0.5%.
TECH OUTLOOK:
EURO is expected to be on mixed note for the day. trading range is expected between 1.5430-1.5580 levels. Currency lends its support at 1.5400 levels and holds resistance at 1.5590 levels. Momentum is holding the currency for the mixed trend .Stochastic is giving a caution for the downtrend
EURO is expected to be on mixed note for the day. trading range is expected between 1.5430-1.5580 levels. Currency lends its support at 1.5400 levels and holds resistance at 1.5590 levels. Momentum is holding the currency for the mixed trend .Stochastic is giving a caution for the downtrend
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