Euro is trading at 1.1240 , appreciating from the lows near 1.1150 that were seen on Friday . Economic data had little impact on the shared currency as markets remained focused on the troubles of deutsche bank, Talks about a lower settlement as compared to the previous $ 14 billion fine led to the recovery in risk off sentiment as well as the euro . Manufacturing PMI data that is to be reported today, if positive can help push the euro higher towards the 1.13 mark.
EURINR Oct futures opened continued to fall for the whole session till closing around 74.75. Prices have been taking support at its short term rising trend line and are expected to bounce from t his level till the next resistance placed around 75.50 level if the level of 74.65 is not breached. Prices can fall sharply till 74.10 and 73.75 levels if 74.65 is broken.
For Quick Trial – 8962000225 ✔
Give a Missed Call for Free Trial – 09699997717