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Mtechtips MCX-SX EURINR INTRADAY trading analysis 23-09-2016

Thursday, September 22, 2016 22:56
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Mtechtips MCX-SX EURINR INTRADAY trading analysis 23-09-2016


MTECHTIPS Euro traded near one-week high during early European trades Thursday tracking weakness in the dollar against other major currencies after US Federal Reserve remained dovish about the future path of the interest rates and better than expected French manufacturing confidence data.EURINR retraced from the day high 75.14 and settled at 74.95. Intraday price action resulted in formation of high wave candle stick which is indicating for indecisive trend in EURINR.On the upside, strong resistance is seen at 75.15 sustain trade above only will expect to test 75.45-75.60; else any rise towards 75.05-75.10 could create probability for correction towards 74.50 again




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