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Mtechtips MCX-SX EURINR INTRADAY trading analysis 01-09-2015

Mtechtips MCX-SX EURINR INTRADAY trading analysis 01-09-2015

Mtechtips The euro remained modestly higher against the softer dollar on Monday after data showing that euro zone inflation remained low in August, adding to concerns that the European Central Bank may scale up its stimulus program.EURINR failed to break the previous day low 74.6150 and after hitting a low of 74.71 settled at 74.8875 levels. Formation of doji candle stick on EOD chart is indicating for indecisive trend in days to come. Intraday correction is seems to take place on rise towards 75.25 with stop loss above 75.40. Target 75.00 then 74.80.

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