Mtechtips MCX-SX EURINR INTRADAY trading analysis 09-02-2017

Mtechtips MCX-SX EURINR INTRADAY trading analysis 09-02-2017
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 HOLD SHORT position.Positionally Immediate support for EURINR is 71.49.Resistance for the EURINR is 72.48-72.83-72.84-73.01-73.06-73.33-74.51-
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 72.407 The EURINR is now trading in highly oversold level. The EURINR is now trading in highly oversold level. The oscillator is showing SELL signal
Intraday Trend- Sell if open below 71.567 with stop loss at 72.074 or sell below 71.457 Buy only above 72.184
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