Mtechtips MCX-SX EURINR INTRADAY trading analysis 17-03-2017

Mtechtips MCX-SX EURINR INTRADAY trading analysis 17-03-2017
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 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 on BUY Signal and EURINR is recovering from oversold level For short term Euro is in SELL position.Positionally Immediate support for EURINR is 69.39.Resistance for the EURINR is 70.88-70.94-71.26-72.03-72.1-72.46-73.93-
In medium term Euro is relatively strengthening against Yen- Dollar- 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 70.965 with stop at 69.665 The EURINR is now trading is approaching oversold level. The EURINR is now trading is approaching oversold level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised only above 70.691 with a stop at 70.129 Below 70.03 go for sell and put stop at 70.591
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