Mtechtips MCX-SX EURINR INTRADAY trading analysis 23-02-2017

Mtechtips MCX-SX EURINR INTRADAY trading analysis 23-02-2017
Mtechtips :- Euro is in strong downtrend with good momentum and the trend is supported with good volume 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 and closed below 1 month low with volume signals down breakout.Positionally Immediate support for EURINR is 70.12.Resistance for the EURINR is 71.56-72.02-72.19-72.5-72.56-72.99-74.31-
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
EURINR and closed below 1 week low with volume signals down breakoutCurrently EURINR is in HOLD SHORT position EURINR is moving sideways so short term investor better to buy only above 71.7575 or hold with stop at 70.4 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 70.962 with a stop at 70.07 Below 69.87 go for sell
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