Mtechtips MCX-SX EURINR INTRADAY trading analysis 22-06-2016

Mtechtips MCX-SX EURINR INTRADAY trading analysis 22-06-2016
MTECHTIPS Euro traded up for the third straight session Tuesday as dollar fell to fresh six-week low on easing worries over possible exit of United Kingdom from the European Union in referendum set for Jun 23.EURINR retraced from the day high 76.7325 and settled at 76.56 levels. A inverted hammer candle stick formation on EOD chart is indicating for trend reversal in the EURINR. 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.Strategy sell EURINR around 76.50-76.60 Target 76.20-74.90 .Stop loss above 76.75.



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