December 5, 2016

 

Mtechtips MCX-SX EURINR INTRADAY trading analysis 29-09-2016

MTECHTIPS EUR-INR October Future – After hitting a low of 75.7525 EURINR tested 75.00 and settled at 74.9450 levels.  Intraday price action resulted in formation of hammer candle stick which is indicating for trend reversal in EURINR.Further, pair would need to trade above 75.10 in order to test 75.55-75.75, else failure of the break only could result downside move towards 74.85-74.65.

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