February 19, 2017

Mtechtips MCX-SX EURINR INTRADAY trading analysis 07-09-2016

MTECHTIPS Euro snapped two-day fall during European trades Tuesday as the greenback weakened against major currencies as disappointing employment report from the world’s biggest economy dimmed hopes for a near-term interest rate hike by the Federal Reserve.EURINR witnessed 0.67% single day fall on Tuesday, however it show mild recovery from 74.48785 and settled at 74.6025.  Today, pair would need to trade below 74.45 in order to test 74.10-73.85, else shortterm recovery is expect to take place for level of 75.00-75.35.




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