Mtechtips MCX-SX EURINR INTRADAY trading analysis 19-12-2016

Mtechtips MCX-SX EURINR INTRADAY trading analysis 19-12-2016
MTECHTIPS Euro is weakening against Indian Rupee .Currently Euro is in strong downtrend but volume is unsatisfactory The open interest is not increasing with trend . Noting point is selling at lower levels seems decreasing. The EURINR is now trading in oversold level. The EURINR is now trading in oversold level. The oscillator is showing SELL signal For short term Euro is in HOLD SHORT position.Positionally Immediate support for EURINR is 70.54.Resistance for the EURINR is 72.51-72.76-72.89-73.5-74.14-74.4-75.08-
In medium term Euro is relatively strengthening against Dollar- Pound- In long term Euro is relatively strengthening against Dollar-
Short term and Intraday Level of Euro with Rupee Currently EURINR is in HOLD SHORT position EURINR is in sideways and sellers was at high so for short term better buy above 71.262 or hold with stop at 70.8275 The next resistance will be at 72.14 The EURINR is now trading in highly oversold level. The EURINR is now trading in highly oversold level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised only above 71.262 with a stop at 70.748 Below 70.668 go for sell and put stop at 71.182.
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