Mtechtips MCX-SX EURINR INTRADAY trading analysis 06-10-2015
Mtechtips Euro settled up by 0.57% after third-straight day fall on Monday as the rate hike fears in the world’s biggest economy waned after it posted dismal jobs data amid mixed bag of data from the 19-nation economy.After hitting a high 73.9150 EURINR settled at 73.59. A doji candle stick formation on EDO chart is indicating for trend reversal in days to come. Today, any rise towards 73.80-73.90 is expected to attract huge selling activities as trend still looks negative. On the other hand, a break above 74.10 could bring recovery rally towards 74.50-74.