Mtechtips MCX-SX EURINR INTRADAY trading analysis 15-03-2017

Mtechtips MCX-SX EURINR INTRADAY trading analysis 15-03-2017
Mtechtips :- Euro is weakening against Indian Rupee.Currently Euro is showing some down move and trend is strong momentum is also showing strength and supported with good volume The open interest is not increasing with trend . Caution note 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 on BUY Signal and EURINR is recovering from oversold level For short term Euro is in HOLD SHORT position.Positionally Immediate support for EURINR is 69.92.Resistance for the EURINR is 71.02-71.09-71.44-72.09-72.16-72.52-73.98-
In medium term Euro is relatively strengthening against Yen- Dollar- 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 EURINR is in sideways but the trend looks weak so better buy above 70.965 or hold with stop at 70.1975 The EURINR is now trading is approaching oversold level. The EURINR is now trading is approaching oversold level. The oscillator is showing SELL signal
Intraday Trend- Sell if open below 69.93 with stop loss at 70.581 or sell below 69.75Buy is not advised till it cross 70.761
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