Mtechtips MCX-SX EURINR INTRADAY trading analysis 20-07-2016
Mtechtips MCX-SX EURINR INTRADAY trading analysis 20-07-2016
MTECHTIPS Euro settled down by 0.10% on Tuesday. ECB meets Thursday to discuss monetary policy in the 19-nation Eurozone and is expected to maintain status quo. However, investors will watch the tone of the central bank to take further direction.EURINR retraced from the day high 74.5775 and settled at 74.28. On the hourly chart, pair trading on verge of triangle support.A break below 74.20 is expected to show decent fall towards 73.80-73.65 in days to come. On the other hand, failure of the break down could result pullback towards 74.75-74.90 again.
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