February 21, 2017

Mtechtips MCX-SX EURINR INTRADAY trading analysis 16-09-2016

MTECHTIPS Euro traded little changed Thursday after release of Eurozone’s trade surplus which narrowed for third straight month in July. The currency pair pared gains during mid-European session after narrowed trade surplus pointed that growth may have eased further during third quarter.EURINR fluctuated in between 75.35-75.60 levels and settled at 75.47.  Intraday price action resulted in formation of high wave candle stick is yet indicating for indecisiveness among EURINR traders. On the upside, immediate resistance is seen at 75.65 sustain trade above only will expect to test 75.95-76.10.




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