Home / TIPS / Mtechtips MCX-SX EURINR INTRADAY trading analysis 16-09-2015

Mtechtips MCX-SX EURINR INTRADAY trading analysis 16-09-2015

Mtechtips MCX-SX EURINR INTRADAY trading analysis 16-09-2015

Mtechtips Euro traded flat Tuesday ahead of the Federal Reserve Open Market Committee’s monetary policy meet due later this week and Germany’s ZEW economic sentiment and current situation survey. EURINR settled almost flat at 75.23 levels and remained above the support 75.15. Sell strategy given below 75.15 was not initiated. The EOD chart is not indicating any strong signal for upside or downside in EURINR. Today, correction will expect to come below 75.15 else EURINR would be more confident that upside momentum will hold towards 75.50-75.60 again.

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