Mtechtips MCX-SX EURINR INTRADAY trading analysis 11-01-2017

Mtechtips MCX-SX EURINR INTRADAY trading analysis 11-01-2017
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 . Cautious point is buying at higer levels seems decreasing. 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 72.14-71.47-71.33-71.21-.Resistance for the EURINR is 73.28-73.87-74.77-
In medium term Euro is relatively strengthening against Dollar- 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 In short term EURINR is in strong up trend so hold with stop at 72.071 The oscillator is showing BUY signal
Intraday Trend- Buy is advised only above 73.707 with a stop at 71.896 Below 71.896 go for sell with a stop at 73.196
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