Mtechtips MCX-SX EURINR INTRADAY trading analysis 30-05-2016
MTECHTIPS :- Eur inr future this week closed with loss. Weak euro and stronger rupee demand pushed this pair on downside. This was third weekly loss for euro against rupee. For next week, eur inr future outlook remain weak and expect more downside for euro. On weekly chart, eurinr future support zones are 74.95 and 74.25 and also tgt levels for next week. On upside 75.85 and 76.2 are resistances as well as fresh short entry levels for currency traders. On monthly chart, euro rupee pair looks very bearish and topped out. On downside 74 will be medium term tgt and then 70 rupee will be long term tgt. 77.4 is top and remain as strong resistance.