February 21, 2017

Mtechtips MCX-SX EURINR INTRADAY trading analysis 02-09-2016

MTECHTIPS Euro traded down Thursday tracking the strength of the greenback following upbeat US private jobs data that increased hopes of a possible strong US non-farm payroll data, which will give the US Federal Reserve more room to hike rate if not in September than at least in December. After breaching the triangle support 74.95, EURNIR saw pullback and settled at 75.0525 levels.  Near term trend expect to remain bearish following to breakdown of this triangle and any rise towards 75.20-75.30 expect to attract huge selling activities




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