Mtechtips MCX-SX EURINR INTRADAY trading analysis 17-02-2017

Mtechtips MCX-SX EURINR INTRADAY trading analysis 17-02-2017
Mtechtips :- Euro is weakening against Indian Rupee .Currently Euro is in strong downtrend but volume is unsatisfactory The open interest is not increasing with trend . Noting point is 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 70.43.Resistance for the EURINR is 71.97-72.27-72.41-72.68-73.1-74.39-
In medium term Euro is relatively strengthening against Yen- Pound- 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 71.24 The EURINR is now trading is approaching oversold level. The EURINR is now trading is approaching oversold level. The oscillator is on BUY Signal and EURINR is recovering from oversold level
Intraday Trend- Buy is advised only above 71.863 with a stop at 71.028 Below 70.848 go for sell and put stop at 71.683
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