Mtechtips MCX-SX EURINR INTRADAY trading analysis 11-05-2016

Mtechtips MCX-SX EURINR INTRADAY trading analysis 11-05-2016
MTECHTIPS :- Euro traded little changed Tuesday as dollar strengthened on risk-aversion after weak Chinese economic data and short covering ahead of crucial Euro zone economic data set for later this week. GDP figures and consumer inflation figures from Germany, Italy, France and Spain are set for Friday along with Euro zone GDP figures.A high wave candle stick formation on EOD is indicating indecisiveness in EURINR. Near term support is seen at 75.95 and correction is expected to come below these levels only, else any rise towards 76.35-76.40 may attract huge selling activities with stop loss above 76.65.
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