Mtechtips MCX-SX EURINR INTRADAY trading analysis 28-01-2016

Mtechtips MCX-SX EURINR INTRADAY trading analysis 28-01-2016

Mtechtips EUR posted modest gains on Wednesday in a volatile day of trading after the Federal Reserve left short-term interest rates unchanged, one month after abandoning a seven-year zero interest rate policy with a historic rate hike.

After hitting a high of 74.5825 in morning trading at 74.40 levels, now further bullishness is expect to come above 74.65 levels, else intraday selling pressure is expect to come around 74.45-74.50. Target would be 74.00-73.80. Stop loss above 74.65.

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