Mtechtips MCX-SX EURINR INTRADAY trading analysis 29-12-2016

Mtechtips MCX-SX EURINR INTRADAY trading analysis 29-12-2016
MTECHTIPS Euro is weakening against Indian Rupee .Currently Euro is moving sideways The EURINR is now trading in oversold level. The EURINR is now trading in oversold level. The oscillator is showing BUY signal but has moved past its recent high with good volume points to a positive break out . The EURINR is now trading in oversold level. The EURINR is now trading in oversold level. The oscillator is showing BUY signal For short term Euro is in HOLD SHORT position and closed above 1 week high with volume signals up breakout.Positionally Support for EURINR is 71.12-70.72-.Resistance for the EURINR is 72.31-72.96-73.69-74.14-74.88-
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
EURINR closed above 1 week high with volume signals up breakoutCurrently EURINR is in HOLD LONG position EURINR is in sideways but the trend looks weak so better buy above 71.83 or hold with stop at 70.78 The oscillator is showing SELL signal
Intraday Trend- Sell only if open below 71.137 with stop loss at 71.803 or sell below 70.948 Buy is not advised till it cross 71.994
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