Mtechtips MCX-SX EURINR INTRADAY trading analysis 18-05-2016

Mtechtips MCX-SX EURINR INTRADAY trading analysis 18-05-2016
MTECHTIPS :- Euro up for the second-straight day Tuesday as dollar weakened on higher risk appetite after surge in oil prices while investors await the result of US April FOMC meeting minutes.EURINR witnessed mild recovery from the day low 75.6425 and settled at 75.8625 levels. On the above EOD chart pair is trading on verge of rising channel and a break below the lower trend line could point for the downside target of 74.80-74.50, else failure of the break only could witnessed pullback towards 76.00-76.35.
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