October 26, 2016

Mtechtips MCX-SX EURINR INTRADAY trading analysis 03-08-2016
MTECHTIPS The euro witnessed its first gain in a month on Tuesday while a cut in Australian interest rates failed to weaken the Australian dollar as the fallout of poor GDP data continued to weigh on its U.S. equivalent.EURINR failed to test 74.60 predicated downside level, and after breaching the resistance 75.10 tested 75.1650 levels A breakout of 38.2% Fibonacci Retracement level and weakness in dollar index is expect to support momentum upside move towards 75.55-75.70 in EURINR in day to come.On the other hand, immediate support is seen at 74.80 below will expect to test 74.65-74.50.



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.