Kshitij Consultancy Services
Graph Gallery WHERE ARE THE GLOBAL MARKETS GOING?
TECHNICAL CHARTS
FUNDAMENTAL CHARTS
Morning Briefing Euro (1.0548) retested the previous week low near 1.0520 and took a pause. The upside looks limited to 1.0580-90 in the near term with the lower targets of 1.0500-1.0450 still in play. EURGBP (0.8437) may decline to the major support near 0.83 soon to complete a bearish Head & Shoulders pattern and a break below 0.83 may trigger much deeper downside.
The German-US 2Yr (-2.09%) has fallen further from levels near -2.07% seen yesterday. We could possibly see a bounce from levels near -2.11% indicating that the fall in Euro could be limited just now. Overall the spread has been showing close relation with the Euro and could be a good indicator for near term movements in the Euro. (Refer to FOREX section above)