Mtechtips MCX-SX EURINR INTRADAY trading analysis 02-03-2016
Wednesday, March 2, 2016 0:15
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Mtechtips MCX-SX EURINR INTRADAY trading analysis 02-03-2016
MTECHTIPS :- Euro extended fall for the third straight day Tuesday as dismal economic data from the common currency region pointed towards further easing by the European Central Bank at its March policy meet.EURINR extended its fall and settled down by 1.10% yesterday. Sell strategy around 74.90 was successful with pair drop towards 74.0775. The three black crows candle stick on EOD chart is yet indicating for bearishness in EURINR. Intraday sell is expect to come around 73.90-74.00. Target 73.60-73.25. Stop loss above 74.25.On the upside, immediate resistance is seen at 74.10 sustain move above only will expect to test 75.50-75.70.
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