Euro trimmed gains against the greenback as it fell to 1.55 on speculation the Federal Reserve will hold off from raising interest rates next week to support the U.S. Economy
Tech View:
Euro is expected to be on a bull note for the day. Trading range is expected between 1.5470-1.5570 levels for the day .Support is expected between 1.5450 and resistance is seen at 1.5590 levels. stochastic and Relative Market strength index is pointing towards the bull run to continue for the day. But Momentum is trending down indicating that uptrend is likely to lose its strength.
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