Mtechtips MCX-SX EURINR INTRADAY trading analysis 16-01-2017

Mtechtips MCX-SX EURINR INTRADAY trading analysis 16-01-2017
Mtechtips :- Euro is weakening against Indian Rupee .Currently Euro is in strong uptrend 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 The current position is BUY .Positionally Support for EURINR is 72.05-71.72-71.51-71.28-.Resistance for the EURINR is 73.18-73.78-74.74-
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 EURINR is moving sideways with low volatality so short term investor better to buy if close above 73.845 close below 71.945 Sell will happen. The oscillator is showing SELL signal
Intraday Trend-Intraday better to buy above 73.236 and Sell if below72.265
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