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Mtechtips MCX-SX EURINR INTRADAY trading analysis 06-08-2015

Mtechtips MCX-SX EURINR INTRADAY trading analysis 06-08-2015
Mtechtips Euro plunged to its lowest level in over two weeks during mid-European trade Wednesday following a streak of weak data from the 19-nation economy amid a globally strong dollar following hawkish comment from a key Fed official. Sell strategy given from Monday was rocked with EURINR drop towards 69.5125 levels and settled with a loss of 1.10%. In near term correction is expected to come below 69.40 following to the above bearish candle stick formation on EOD chart. Today, sell on rise towards 70.00 could expect in EURINR with stop loss above 70.20.Target would be 69.60-69.42.
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