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Mtechtips MCX-SX USDINR INTRADAY trading
analysis 04-08-2016
MTECHTIPS USDINR has stalled its recent bearish trend and recovered
from the day low 66.9725 towards 67.2825 levels. Since 1 August 2016, USDINR
struggling to break 66.97 and formed a long bullish candles tick on the EOD
which is creating probability for trend reversal in days to come. On the other
hand, crucial support is seen at 66.95 and pair would need to trade below it in
order to test 66.80-66.65.Buy around 67.10-67.15 Target 67.30-67.50. Stop loss
below 66.95 Or Sell below 66.95 Target 66.70-66.50. Stop loss above 67.10
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