October 24, 2016

Mtechtips MCX-SX EURINR INTRADAY trading analysis 21-09-2016

MTECHTIPS EURINR consolidated around 74.90-75.00 levels and settled at 75.06 levels. On the EOD chart pair found support of its 23.8% Fibonacci Retracement levels which create probability for the momentum upside move towards 75.50 again. However it may remain limited ahead of U.S. FOMC meeting.  On the downside, immediate support is seen at 74.85 and correction is expected to come below this level only. Target would be 74.55-74.25-74.00. Stop loss above 75.02.




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