December 5, 2016

Mtechtips MCX-SX EURINR INTRADAY trading analysis 02-08-2016

MTECHTIPS EUR-INR August Future Sell around 74.85-74.95 Target 74.65-74.45. Stop loss above 75.10 Above 74.15 will expect to test 74.35-74.55.Euro traded down on profit-booking following sharp gains in the currency pair by over 2% in the past three days.Sell strategy given on rise around 74.85 was initiated, however pair yet to test predicted level of 74.60 due to sluggish movement. On EOD chart pair trading below the 38.2% Fibonacci Retracement of its previous fall and formed a inverted hammer candle stick pattern which creating probability for correction in days to come. On the other hand, massive resistance is seen at 75.10 and sustain trade above only will expect to test 75.55-75.80.

WWW.MTECHTIPS.COM

 

07489294118-119

 

mtech_tips1

Comments are closed.

NOTE : You are advised to take your position with your sense and judgment.The views and investment tips expressed by users on MCXStar.com are their own, and not that of the website or its management. MCXStar.com advises users to check with certified experts before taking any investment decisions. If any other company also giving same script and recommandation then we are not responsible for that. We have not any position in our given scripts. Visiting our web one should by agree to our terms and condition and disclaimer also. All credit goes to original authors of post on this website. Website owner is not responsible for any loss due to your own decision or judgement. Thanks for Visiting our Website.