Mtechtips MCX-SX EURINR INTRADAY trading analysis 15-07-2016
Mtechtips MCX-SX EURINR INTRADAY trading analysis 15-07-2016
MTECHTIPS Euro little changed during afternoon trades Wednesday as investors across the globe await Bank of England monetary policy meeting due later tomorrow.Sell strategy given around 74.70-74.80 was initiated, but pair yet to test predicted level of 74.25, day low as 74.3325 same as previous day low, while forming similar bottom candle stick pattern. This formation is indicating for bearish reversal in EURINR towards 75.00-74.50 again. Further, pair would need to trade below its previous swing low in order to test 74.00-73.65 and below.
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