Mtechtips MCX-SX EURINR INTRADAY trading analysis 06-06-2016
MTECHTIPS :- Eur inr future this week closed at 75.35 with gain. On weekly chart euro is in corrective trend but this week positive closing signaling reversal signal. For next week, euro rupee future has support at 75 and 74.2 while on upside 76 and 77.5 are resistances. Euro above 76 will turn bullish and remain buy on dips for June series. On monthly chart, eur inr future major support 74.5 and above it euro can show 79.5+ levels in longer terms.