Morning Briefing Finally Euro (1.1349) had breached the crucial resistance of 1.1210-30 and closed at day's high. Immediate trading range could be 1.1207-1.1426 and the bulls need to trade above 1.1207 levels to keep the bullish momentum intact. We might see range trading for next few days as Eur/Usd is overbought in near term time frame. The German-US 2Yr (-1.92%) is headed towards -1.90% along with the sharp rise in Euro yesterday. Immediate trend looks bullish. We could possibly see a test of -1.90% before falling off from there.
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June Monthly Forecast
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June Calendar Wallpaper
As mentioned in the print calendar in January that we would be at crossroads by mid-2017, we are now standing at a crucial inflection point. Now, it is to be seen if the bounce extends past 72.50 or the major downtrend from 86.50 (C ) resumes. This is important to watch, as it could impact Dollar-Rupee as well.here
Euro Longterm Forecast
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