December 4, 2016

 

Mtechtips MCX-SX EURINR INTRADAY trading analysis 28-09-2016

MTECHTIPS Euro traded snapped four day gains tracking rebound in dollar index during European trades Tuesday on expectation that US stocks may rise later in the day, supporting dollar demand, after first Presidential debate gave a clear lead to democratic nominee Hilary Clinton.EURINR settled down by 0.23% at 75.2375 levels.  A long bearish candle stick formation on EOD chart is indicating for bearishness in the EURINR. Immediate support is seen at 74.95 and a break blow could result correction towards 74.65-74.35. On the upside, strong resistance is seen at 75.45.

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