Mtechtips MCX-SX EURINR INTRADAY trading analysis 27-02-2017

Mtechtips MCX-SX EURINR INTRADAY trading analysis 27-02-2017
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 . In last few days volume based selling happened in the Euro. The EURINR is now trading in oversold level. The EURINR is now trading in oversold level. The oscillator is showing BUY signal For short term Euro is in SELL position.Positionally Immediate support for EURINR is 70.12.Resistance for the EURINR is 71.44-71.85-72.16-72.42-72.51-72.94-74.28-
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 EURINR is in sideways so for short term better buy above 71.7575 with stop at 70.4 Yesterday the selling was with volume so risk takers can go for shorting at current rate with stop at 71.7575 The oscillator is showing SELL signal
Intraday Trend- Sell if open below 70.339 with stop loss at 70.962 or sell below 70.169 Buy is not advised till it cross 71.132
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