Mtechtips MCX-SX EURINR INTRADAY trading analysis 27-01-2017

Mtechtips MCX-SX EURINR INTRADAY trading analysis 27-01-2017
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 Euro is in HOLD LONG position.Positionally Support for EURINR is 72.5-72.38-72.26-71.91-71.78-.Resistance for the EURINR is 73.55-74.65-
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 has crossed the high but the trend was not strong and sellers was at high so for short term better buy above 73.457 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 showing BUY signal
Intraday Trend- Buy is advised only above 73.457 with a stop at 72.974 Below 72.914 go for sell and put stop at 73.397
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