February 22, 2017

Mtechtips MCX-SX EURINR INTRADAY trading analysis 09-09-2016
MTECHTIPS The euro rose to two-week highs against the dollar after European Central Bank President Mario Draghi said there was no discussion about extending quantitative easing beyond March 2017 at the bank’s Thursday meeting.EURINR extended it’s upwards move and after hitting a high of 75.26 settled at 75.2150 levels. Three white soldiers candle stick formation on EOD chart is indicating for further upside move in the pair. Immediate resistance is seen at 75.35 and pair would need to trade above this level in order to test 75.55-75.80.else, probability for correction towards 74.85-74.60 could arise with stop loss above 75.35


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