Mtechtips MCX-SX EURINR INTRADAY trading analysis 21-06-2016
MTECHTIPS Euro traded near its one-week high Monday as safe-haven appeal for euro increased after the recent opinion polls on the European Union referendum pointed out that UK might vote to ‘Remain’ in the European Union.EURINR witnessed more than 1.50% gain in morning trade and retraced towards 76.3625 levels. Short term trend expects to remain volatile ahead of EU referendum. On the other hand, strong resistance is seen at 77.10 on closing basis and pair would need to trade above these levels in order to test 77.55-78.00.Else, any rise towards 76.80-76.90 is expect to attract huge selling pressure for the target 76.20-75.80 and below.
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