Mtechtips MCX-SX USDINR INTRADAY trading analysis 20-07-2016
Mtechtips MCX-SX USDINR INTRADAY trading analysis 20-07-2016
MTECHTIPS USDINR traded range bound in between 67.15-67.22 levels and settled at 67.2150, down by 0.10%. On the EOD chart, pair failed to break 38.2% of Fibonacci Retracement which creating probability for pull down towards 67.00-66.95 again.However, downside move could be limited as there is massive support at 66.90 and pair would need to trade below 66.90 in order to test 66.65 and below. On the upside, sustain trade above 67.35 only will expect to test 67.55-67.70.
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