Forex Market News


Euro is trading at 1.1117 , continuing to appreciate against the US dollar, helped by the uncertainty surrounding the US elections. Economic data remained supportive for the euro zone with the employment and manufacturing data reported in line with expectations . Dollar weakness would continue to drive the pair higher after the pair breached 1.11 . A sustained trade above this level would take the pair higher.
EURINR Nov futures opened higher with gap and prices consolidated for the whole session in the range of 74.20 – 74.40. Prices have recovered in the past few sessions after falling sharply in the previous few weeks and are expected to take resistance at current levels and fall from these levels towards next strong supports placed at 73.70 and 73.40 levels.
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