Mtechtips MCX-SX EURINR INTRADAY trading analysis 02-01-2017

Mtechtips MCX-SX EURINR INTRADAY trading analysis 02-01-2017
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 and the positive trend is still continuing. 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 LONG position.Positionally Support for EURINR is 70.98-70.86-.Resistance for the EURINR is 72.23-72.89-73.59-74.08-74.85-
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 In short term EURINR is in strong up trend so hold with stop at 71.512 The oscillator is showing BUY signal
Intraday Trend- Buy if open above 72.214 with a stop at 71.626 or buy above 72.374 Below 71.467 go for sell or sell if open below71.626
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