Mtechtips MCX-SX EURINR INTRADAY trading analysis 27-07-2016
Mtechtips MCX-SX EURINR INTRADAY trading analysis 27-07-2016
MTECHTIPS Euro extended gain for the second day as dollar slipped on caution ahead of two-day Federal Reserve policy meeting starting from today. EURINR retraced from the day high 74.6975 and settled at 74.4775 levels. On the EOD chart prices still trading above the previous swing low which is indicating for momentum upside move in EURINR. However, any positive move in dollar index could hold bearishness in the pair. Hence, sell on rise around 74.80-74.90 is recommended for the EURINR. Stop loss above 75.10 Target 74.50-74.20-74.00
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