Mtechtips MCX-SX EURINR INTRADAY trading analysis 06-01-2017

Mtechtips MCX-SX EURINR INTRADAY trading analysis 06-01-2017
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 .In last 1 month volatality is very less and fresh Buy can be considered in the EURINR if it close above72.43 or buy with strict stop at 70.3. 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 71.09-70.94-.Resistance for the EURINR is 71.98-72.77-73.39-73.94-74.8-
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 The EURINR is in downtrend For short term buy only if close above 71.653 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 71.944 with a stop at 71.257 Below 71.127 go for sell
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