FUNDAMENTAL ANALYSIS

EURO AREA
1. Eurozone Q4 GDP Growth Revised Down To 0.4%
2. Euro Area Unemployment Rate Steady At Near 8-Year Low
3. Eurozone Inflation Rate Hits 2% In February
4. ECB Simulus Still Needed To Support Growth And Inflation, firming economic recovery.
5. Eurozone Trade Surplus Widens In December

Conclusion- Strengthening EUR

UNITED STATES
1. US GDP Growth Confirmed At 1.9% In Q4
2. US Unemployment Rate Rises To 4.8% In January
3. US Inflation Rate At Near 5-Year High Of 2.5%
4. Fed Likely To Raise Rates In March
5. US Trade Deficit Narrows in December

Conclusion- Weakening USD

TECHNICAL ANALYSIS

Tools Used - EMA 34, Stochastic Oscillator, Oscillator Of Moving Average, Support & Resistance Levels.

Charts

1 Week -

1. Market is operating between support and resistance from March 2015.
2. Market is below EMA34.
3. Stochastic Positive crossover is about to happen.
4. Macd Histogram is already above zero line.

1 Month -


1. Market is operating between support and resistance from March 2015.
2. Market is below EMA34.
3. Stochastic Bullish crossover is already happened.
4. Macd Histogram is already above zero line and a minor slope of uptrend is there.

Conclusion - Bullish , Likely to Touch level Of 1.0940.
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