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Mtechtips
MCX-SX EURINR INTRADAY trading analysis 13-01-2016
Mtechtips
Euro shed initial gains Tuesday as dollar strengthened during the European
trades on safe-haven bets after oil prices dipped to 12-year lows.Sell strategy
given around 73.20 in EURINR was successful with pair drop towards 72.71
levels. Short term trend is expected to remain bearish following to the EOD
chart. Today, correction is expected to come below 72.72 Target 72.25-72.00.On
the other hand, a break above 73.50 could result in positive move towards 74.00
and above.
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