February 28, 2017

Mtechtips MCX-SX EURINR INTRADAY trading analysis 04-08-2016
MTECHTIPS Euro traded down during mid-European trades Wednesday on uncertainties ahead of Bank of England’s monetary policy decision due tomorrow amid tracking strength in the greenback against other major currencies. EURINR extended its recent recovery and settled at 75.39, with gain of 0.41%. A long bullish candle stick formation on EOD chart is yet indicating for bullishness in EURINR, but pair would need to trade above 75.52 in order to test 75.80-76.00 which is coincide with 38.2% Fibonacci Retracement of precious fall (77.72-74.1550 else, pair may retraced towards 74.90-74.75 from every rise towards 75.35-75.40.


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