Mtechtips MCX-SX EURINR INTRADAY trading analysis 07-02-2017

Mtechtips MCX-SX EURINR INTRADAY trading analysis 07-02-2017
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 and the negative trend is still continuing momentum also points toward negativeness. 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.Positionally Support for EURINR is 71.94-.Resistance for the EURINR is 72.8-72.86-73.13-73.25-73.39-74.54-
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 a new 5 day low yesterday but failed to keep the trend so if selling has to considered better below72.145 Buy if above 73.285 The EURINR is now trading is approaching oversold level. The EURINR is now trading is approaching oversold level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 72.705 with a stop at 72.215 Below 72.145 go for sell
WWW.MTECHTIPS.COM
07489294118-119