Mtechtips MCX-SX EURINR INTRADAY trading analysis 31-01-2017

Mtechtips MCX-SX EURINR INTRADAY trading analysis 31-01-2017
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 72.57-72.41-72.34-71.94-71.92-.Resistance for the EURINR is 73.51-74.62-
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 has formed new 5 day high but the trend looks weak so better buy above 73.326 The oscillator is showing SELL signal
Intraday Trend- Sell if open below 72.664 with stop loss at 73.196 or sell below 72.535Buy is not advised till it cross 73.326
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