Profile image
Story Views

Last Hour:
Last 24 Hours:

Mtechtips MCX-SX EURINR INTRADAY trading analysis 03-10-2016

Sunday, October 2, 2016 23:05
% of readers think this story is Fact. Add your two cents.

Mtechtips MCX-SX EURINR INTRADAY trading analysis 03-10-2016


MTECHTIPS Sell around 75.65-75.75 Target 75.10-74.65. Stop loss above 74.95Euro settled with neutral negative move at 74.89 levels.  The currency continued trade below its strong resistance 75.50 as sharp plunge in Deutsche Bank shares to record low raised concerns over the health of European financial system.  The EUR-INR tested 74.69 monthly low and settled at 74.8925. There was some support from favorable survey data for the euro area. Technical, on the weekly chart EURINR trading in under symmetrical triangle (continuation) pattern Since February 2016 which saw a consolidation in between 77.94-75.63 levels. In near term trend expect to remain bearish unless EURINR give a closing above 76.45 which is coincide with resistance of triangle. On the other hand, sustain trade above 76.45 only open the door for upside move towards 77.45-78.00.




We encourage you to Share our Reports, Analyses, Breaking News and Videos. Simply Click your Favorite Social Media Button and Share.

Report abuse


Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories



Top Global

Top Alternative



Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.