Mtechtips MCX-SX EURINR INTRADAY trading analysis 08-02-2017

Mtechtips MCX-SX EURINR INTRADAY trading analysis 08-02-2017
Mtechtips :- Euro is weakening against Indian Rupee.Currently Euro is showing some down move and trend is strong momentum is also showing strength and supported with good volume The open interest is not increasing with trend . Caution note selling at lower levels seems decreasing. 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 Immediate support for EURINR is 71.81.Resistance for the EURINR is 72.51-72.81-72.84-73.12-73.14-73.36-74.53-
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 The EURINR is in downtrend For short term buy only if close above 72.603 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 72.465 with a stop at 71.916 Below 71.826 go for sell
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