Greenback opened weaker against Euro after poor economic data from the Euro zone caused the Euro to fall against the US dollars. Pound Advances As BoE Running Out Of Alternatives To A Rate Hike.
Tech outlook:
Euro is expected to be on a mixed note for the day. Trading range is expected between 1.5420-1.5595 levels for the day .Support is expected between 1.5380 and resistance is seen at 1.5610 levels. stochastic remains in neutral territory thereby waiting for the clues from currency movement. Moving average supports sideways movement of the currency.
GBP is expected to follow the mixed rally With the trading range expected between 1.9610-1.9730. currency lends its support at 1.9570 levels and holds resistance at 1.9780 levels. MACD holds the bull view in near term .stochastic remains silent on the issue.
Euro is expected to be on a mixed note for the day. Trading range is expected between 1.5420-1.5595 levels for the day .Support is expected between 1.5380 and resistance is seen at 1.5610 levels. stochastic remains in neutral territory thereby waiting for the clues from currency movement. Moving average supports sideways movement of the currency.
GBP is expected to follow the mixed rally With the trading range expected between 1.9610-1.9730. currency lends its support at 1.9570 levels and holds resistance at 1.9780 levels. MACD holds the bull view in near term .stochastic remains silent on the issue.
No comments:
Post a Comment