Mtechtips MCX-SX EURINR INTRADAY trading analysis 20-03-2017

Mtechtips MCX-SX EURINR INTRADAY trading analysis 20-03-2017
Mtechtips :- Euro is weakening against Indian Rupee .Currently Euro is in strong downtrend and the trend is supported with good volume The open interest is not increasing with trend . 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 showing BUY signal For short term Euro is in HOLD SHORT position.Positionally Immediate support for EURINR is 69.39.Resistance for the EURINR is 70.87-70.95-71.19-72-72.07-72.43-73.9-
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 down trend so buy only above 70.433 The oscillator is showing BUY signal
Intraday Trend- Sell only if open below 70.229 with stop loss at 70.771 or sell below 70.1 Buy is not advised till it cross 70.902
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