Mtechtips MCX-SX EURINR INTRADAY trading analysis 10-03-2016
Thursday, March 10, 2016 0:05
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Mtechtips MCX-SX EURINR INTRADAY trading analysis 10-03-2016
MTECHTIPS :- Euro traded down for second day Wednesday ahead of European Central Bank monetary policy meeting set for Thursday on fear deposit rates may be lowered further into the negative territory.EURINR has stalled its recovery rally yesterday and retraced towards 73.9550 from the day high 74.4475. Buy above 74.80 strategy not initiated. A long bearish candle stick formation is yet indicating for bearishness in EURINR. Further, pair would need to trade above 74.80 in order to test 75.0-74.35 levels.Sell around 74.00-74.10 Target 73.75-73.50. Stop loss above 74.25.
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