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Mtechtips MCX-SX EURINR INTRADAY trading analysis 07-10-2016

Thursday, October 6, 2016 22:57
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Mtechtips MCX-SX EURINR INTRADAY trading analysis 07-10-2016


MTECHTIPS Euro traded down Thursday as dollar gained ahead of the crucial labour market data from the world’s largest economy later this week.Sell strategy given below 74.90 was initiated and after hitting a low of 74.77 EURINR settled at 74.85 levels.  Today, pair open down by 0.40% and trading at 74.5425, trend expect to remain negative and any rise towards 74.60-74.65 likely to attract huge selling activities.  Target 74.00-73.65. Stop loss above 74.85.Howe, strong resistance is seen at 75.60 and pair would need to trade above it in order to test 75.85-76.10.



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