Monday, 18 January 2016

Mtechtips MCX-SX EURINR INTRADAY trading analysis 19-01-2016

Mtechtips MCX-SX EURINR INTRADAY trading analysis 19-01-2016
Mtechtips Euro traded down Monday as investors expect the European Central Bank to further ease at its monetary policy meeting scheduled for Thursday.EURINR consolidated below the previous swing high 74.07 and settled at 73.86 levels. Near term trend is expect to remain volatile ahead of ECB policy. Immediate resistance is seen at 74.35 and any rise towards 74.10-74.15 is expected to attract huge selling activities unless pair give a break out above 74.35.

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