Mtechtips MCX-SX EURINR INTRADAY trading analysis 27-12-2016

Mtechtips MCX-SX EURINR INTRADAY trading analysis 27-12-2016
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 SELL position.Positionally Immediate support for EURINR is 70.3.Resistance for the EURINR is 71.4-71.94-72.41-73.05-73.78-74.21-74.93-
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 LONG position EURINR is in profit booking mode so either sell of or keep stop at70.831 so better sell and enter at lower level The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 71.132 with a stop at 70.628 Below 70.559 go for sell
WWW.MTECHTIPS.COM
07489294118-119