Mtechtips MCX-SX EURINR INTRADAY trading analysis 26-08-2016
MTECHTIPS Euro traded up snapping four-days of losses Thursday, ignoring disappointing German data, as the greenback remained fragile ahead of a speech by Federal Reserve Chairperson Janet Yellen at the economic symposniy at Jackson Hole on Friday.EURINR had a range bound move yesterday and after hitting a low of 75.54 settled at 75.67 levels. Intraday price action has resulted in formation of doji candle stick which pointing for indecisive trend in EURINR. Further, pair would need to trade above 76.10 in order to test 76.35-76.65.else sell on every rise towards 75.85-75.95 Target 75.65-75.40. Stop loss above 76.10.