Mtechtips MCX-SX EURINR INTRADAY trading analysis 01-03-2017

Mtechtips MCX-SX EURINR INTRADAY trading analysis 01-03-2017
Mtechtips :- Euro is weakening against Indian Rupee .Currently Euro is in strong downtrend with good momentum but volume is unsatisfactory 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 Support for EURINR is 70.77-.Resistance for the EURINR is 71.62-72.14-72.28-72.43-72.86-74.22-
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 moving sideways so short term investor better to buy if close above 71.25 closing below 70.4 Sell will happen. The oscillator is showing BUY signal
Intraday Trend- Buy is advised only above 71.312 with a stop at 70.898 Below 70.858 go for sell and put stop at 71.272
WWW.MTECHTIPS.COM
07489294118-119