Mtechtips MCX-SX EURINR INTRADAY trading analysis 20-05-2016

Mtechtips MCX-SX EURINR INTRADAY trading analysis 20-05-2016
MTECHTIPS :- EUR fell slightly on Thursday, as foreign exchange traders parsed the minutes from recent meetings by the Federal Reserve and the European Central Bank for signals of further divergence between the top two central banks in the world.EURINR had a range bound trade yesterday and settled at 75.6475, down 0.14%. 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, but pair would need to trade below 75.50 in order to test 75.00-74.80.
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