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Mtechtips
MCX-SX EURINR INTRADAY trading analysis 20-01-2016
Mtechtips
Euro opened 1.15% positive. Strong resistance is 74.80.EUR ticked up remaining
at near one-month highs, amid an increasing likelihood that the Federal Reserve
could delay its first interest rate hike of the year after the International
Monetary Fund lowered its global economic growth forecasts for 2016. Today, any
downside consolidation towards 74.20-74.10 could attract huge buying activities
for the target 74.75. On the downside, immediate support is seen at 74.00. Sustain
trade below only will expect to show correction towards 73.75-73.50 again.
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