Mtechtips MCX-SX EURINR INTRADAY trading analysis 10-01-2017

Mtechtips MCX-SX EURINR INTRADAY trading analysis 10-01-2017
MTECHTIPS Euro is weakening against Indian Rupee .Currently Euro is in strong uptrend with good momentum and the trend is 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 The current position is BUY .Positionally Support for EURINR is 71.35-71.33-71.09-.Resistance for the EURINR is 72.73-73.31-73.89-74.78-
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 LONG position EURINR has crossed the high but the trend was not strong and sellers was at high so for short term better buy above 72.324 with stop at 71.1975 The oscillator is showing BUY signal
Intraday Trend- Buy is advised only above 72.324 with a stop at 71.766 Below 71.676 go for sell and put stop at 72.234
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