Mtechtips MCX-SX EURINR INTRADAY trading analysis 19-01-2017

Mtechtips MCX-SX EURINR INTRADAY trading analysis 19-01-2017
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 72.5-72.06-71.96-71.8-71.37-.Resistance for the EURINR is 73.68-74.7-
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 in sideways and sellers was at high so for short term better buy above 73.036 or hold with stop at 72.245 The next resistance will be at 72.9 The oscillator is showing BUY signal
Intraday Trend- Buy is advised only above 73.036 with a stop at 72.605 Below 72.565 go for sell and put stop at 72.996
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