Mtechtips MCX-SX USDINR INTRADAY trading analysis 04-08-2016

Mtechtips MCX-SX USDINR INTRADAY trading analysis 04-08-2016
MTECHTIPS USDINR has stalled its recent bearish trend and recovered from the day low 66.9725 towards 67.2825 levels. Since 1 August 2016, USDINR struggling to break 66.97 and formed a long bullish candles tick on the EOD which is creating probability for trend reversal in days to come. On the other hand, crucial support is seen at 66.95 and pair would need to trade below it in order to test 66.80-66.65.Buy around 67.10-67.15 Target 67.30-67.50. Stop loss below 66.95 Or Sell below 66.95 Target 66.70-66.50. Stop loss above 67.10
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