Mtechtips MCX-SX EURINR INTRADAY trading analysis 11-01-2016
Sunday, January 10, 2016 23:01
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Mtechtips MCX-SX EURINR INTRADAY trading analysis 11-01-2016
Mtechtips ECB Monetary Policy Meeting Accounts.Sell strategy given around 72.90 was successful with EURINR drop towards second target 71.80, after that pair saw a pullback towards 72.96 again tracking weakness in the dollar after the U.S. FOMC minutes that showed disagreement towards rate hike in December. Technically, rising three candle stick formation on weekly chart is indicating for bearishness in EURINR. Immediate resistance is seen at 73.10 sustain trade above only will expect to test 73.80-74.10 level; else any rise towards 72.80-72.90 is expect to attract huge selling pressure.
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