Mtechtips MCX-SX EURINR INTRADAY trading analysis 24-01-2017

Mtechtips MCX-SX EURINR INTRADAY trading analysis 24-01-2017

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 .. The EURINR is now trading in oversold level. The USDINR is now trading in oversold level. The oscillator is showing SELL signal For short term Euro is in HOLD LONG position and closed above 1 week high with volume signals up breakout.Positionally Support for EURINR is 72.42-72.33-72.01-71.91-71.59-.Resistance for the EURINR is 73.6-74.67-

In long term Euro is relatively strengthening against Dollar- Pound-

Short term and Intraday Level of Euro with Rupee

EURINR closed above 1 week high with volume signals up breakoutCurrently EURINR is in HOLD LONG position In short term EURINR is in strong up trend so hold with stop at 72.732 The EURINR is now trading is approaching overbought level. The EURINR is now trading is approaching overbought level. The oscillator is on SELL signal and EURINR is coming down from overbought level

Intraday Trend- Buy is advised above 73.757 with a stop at 72.874 Below 72.674 go for sell with a stop at 73.557

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