Mtechtips MCX-SX EURINR INTRADAY trading analysis 24-04-2017

Mtechtips MCX-SX EURINR INTRADAY trading analysis 24-04-2017
Mtechtips :- Eur inr weekly-hit 69.69 given tgts were 69 and 70.15
Euro rupee future this week closed at 68.21 with gain as recovery rally continues. This was second weekly gains for euro against rupee after last 2 weeks massive sell off. This week eur inr future hit low around 68.4 and high was at 69.69. On daily chart euro crossed resistance of 69 rupee and now heading for 70.15 which will be trend resistance, above it euro will enter bullish zone for big upside target zones up to 70.8 and 71.9.
From long term view, euro rupee future achieved downside target of 68.7 rupee and below it next targets as well as support will be 66 rupee for year 2017.
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