Mtechtips MCX-SX EURINR INTRADAY trading analysis 02-03-2017

Mtechtips MCX-SX EURINR INTRADAY trading analysis 02-03-2017
Mtechtips :- 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 HOLD SHORT position.Positionally Immediate support for EURINR is 70.12.Resistance for the EURINR is 71.27-71.51-72.14-72.21-72.39-72.82-74.2-
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 LONG position In short term EURINR is in strong up trend so hold with stop at 70.834 The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 71.102 with a stop at 70.549 Below 70.459 go for sell with stop at 71.012
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