February 21, 2017

Mtechtips MCX-SX EURINR INTRADAY trading analysis 12-09-2016
MTECHTIPS Buy above 75.55 Target 75.85-76.10. Stop loss below 75.25 EURINR found strong support after policy makers at the European Central Bank opted not to make any changes to the ECB monetary policy, keeping its asset-buying policy steady at 80 billion Euros per month.For the first time in two years, ECB President Mario Draghi neither announced new stimulus measures nor signaled if they were in pipeline after the bank’s decision to maintain its current bond-buying policy. after hitting a low of 74.4875 in start of the week, EURINR saw a pullback towards 75.4225 and settled at 75.40 levels. On the weekly chart a long bullish candle stick is yet indicating for bullishness in the EURINR, but pair would need to trade above 75.55 in order to test 75.85-76.10.


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.