Mtechtips MCX-SX EURINR INTRADAY trading analysis 30-01-2017

Mtechtips MCX-SX EURINR INTRADAY trading analysis 30-01-2017
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 72.55-72.36-71.92-71.85-.Resistance for the EURINR is 73.53-74.63-
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 SHORT position EURINR is in profit booking mode so either sell of or keep stop at73.044 so better sell and enter at lower level 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 above 73.316 with a stop at 72.854 Below 72.794 go for sell
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