Mtechtips MCX-SX EURINR INTRADAY trading analysis 12-01-2017

Mtechtips MCX-SX EURINR INTRADAY trading analysis 12-01-2017

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 71.54-71.3-71.28-.Resistance for the EURINR is 72.68-73.24-73.84-74.76-
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 72.108 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 72.505 with a stop at 71.806 Below 71.666 go for sell with stop at 72.364
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