Mtechtips MCX-SX EURINR INTRADAY trading analysis 17-01-2017

Mtechtips MCX-SX EURINR INTRADAY trading analysis 17-01-2017
Mtechtips :- Euro is weakening against Indian Rupee .Currently Euro is in strong uptrend but volume is unsatisfactory 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 SELL signal For short term Euro is in HOLD LONG position.Positionally Support for EURINR is 71.77-71.61-71.3-.Resistance for the EURINR is 72.59-73.15-73.75-74.72-
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 so short term investor better to buy only if close above 73.845 with stop at 72.0425 on closing The oscillator is showing SELL signal
Intraday Trend- Sell if open below 71.946 with stop loss at 72.595 or sell below 71.766Buy is not advised till it cross 72.775
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