Mtechtips MCX-SX EURINR INTRADAY trading analysis 25-01-2017

Mtechtips MCX-SX EURINR INTRADAY trading analysis 25-01-2017
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 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 72.4-72.39-72.14-71.91-71.68-.Resistance for the EURINR is 73.57-74.66-
In medium term Euro is relatively strengthening against Yen- 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 above 73.35 or hold with stop at 72.495 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 73.427 with a stop at 72.974 Below 72.924 go for sell
WWW.MTECHTIPS.COM
07489294118-119