Mtechtips MCX-SX EURINR INTRADAY trading analysis 05-01-2017

Mtechtips MCX-SX EURINR INTRADAY trading analysis 05-01-2017
MTECHTIPS Euro is weakening against Indian Rupee .Currently Euro is showing some up move after small correction and trend is strong and supported with good volume The open interest is not increasing with trend .. 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 71.06-70.91-.Resistance for the EURINR is 72.05-72.8-73.44-73.97-74.82-
In medium term Euro is relatively strengthening against Dollar- Pound- In long term Euro is relatively strengthening against Dollar- Pound-
Short term and Intraday Level of Euro with Rupee
Currently EURINR is in HOLD SHORT position EURINR is in sideways so for short term better buy above 71.633 with stop at 71.1975 The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 71.633 with a stop at 71.167 Below 71.108 go for sell and put stop at 71.573
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