Mtechtips MCX-SX EURINR INTRADAY trading analysis 02-06-2016

Mtechtips MCX-SX EURINR INTRADAY trading analysis 02-06-2016

MTECHTIPS :- Eur inr future today closed at 75.76. Here for intraday above 75.6 keep long view for targets 75.95 and 76.3. 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. Eur inr future closed at 75.53. Here strong breakout seen so expect follow up buying tomorrow. On upside 75.66 and 75.9 are targets while 75.3 is major intraday support.



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