Mtechtips MCX-SX EURINR INTRADAY trading analysis 06-02-2017

Mtechtips MCX-SX EURINR INTRADAY trading analysis 06-02-2017
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 SELL signal and has moved down its previous low with good volume points to a negative break out . The EURINR is now trading in oversold level. The EURINR is now trading in oversold level. The oscillator is showing SELL signal For short term Euro is in SELL position and EURINR closed below 1 week low with volume signals down breakout.Positionally Support for EURINR is 72.2-71.94-.Resistance for the EURINR is 72.87-73.15-73.26-73.42-74.56-
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

EURINR and closed below 1 week low with volume signals down breakoutCurrently EURINR is in HOLD SHORT position The EURINR is in downtrend For short term buy only if close above 73.064 The EURINR is now trading is approaching oversold level. The EURINR is now trading is approaching oversold level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 72.936 with a stop at 72.235 Below 72.096 go for sell
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