Mtechtips MCX-SX EURINR INTRADAY trading analysis 03-02-2017

Mtechtips MCX-SX EURINR INTRADAY trading analysis 03-02-2017
Mtechtips :- Euro is weakening against Indian Rupee .Currently Euro is moving sideways The EURINR is now trading in oversold level. The EURINR is now trading in oversold level. The oscillator is showing BUY signal .In last 1 month volatality is very less and fresh Buy can be considered in the EURINR if it close above73.66 or buy with strict stop at 71.96. 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 72.7-72.58-72.31-72.16-71.95-.Resistance for the EURINR is 73.45-74.58-
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 in sideways so for short term better buy above 73.365 with stop at 72.7925 The oscillator is showing BUY signal
Intraday Trend- Buy is advised only above 73.276 with a stop at 72.824 Below 72.764 go for sell and put stop at 73.216
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