December 6, 2016

Mtechtips MCX-SX EURINR INTRADAY trading analysis 14-10-2016

MTECHTIPS Euro traded at 11-week low during mid-European trades Thursday as dollar strengthened sharply against major currencies after Federal Reserve’s September meeting minutes hinted at a rate hike in December.After hitting a low of 73.73, EURINR saw positive consolidation around 73.95 and settled at 73.9875 down 0.68%. Weakness in the EURINR expect to remain continue but it would need to break 73.70 in order to test 73.30-73.0. Else, any rise towards 74.00-74.10 could attract huge selling pressure.

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