October 24, 2016

Mtechtips MCX-SX EURINR INTRADAY trading analysis 01-09-2016

MTECHTIPS Euro traded little changed Wednesday as robust German economic data offset the impact of strong dollar, even as investors await the release of US August jobs report on Friday.EURINR extended its fall for third consecutive day and settled at 74.9550 levels. As was expected pair hit both predicted level of 75.10 and 74.95. On the EOD char pair trading under ascending triangle and it is expected that a breakdown of this triangle may show decent fall in days to come.Sell below 74.95 Target 74.70-74.25. Stop loss above 75.10




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