Mtechtips MCX-SX EURINR INTRADAY trading analysis 22-03-2017

Mtechtips MCX-SX EURINR INTRADAY trading analysis 22-03-2017
Mtechtips :- Euro is weakening against Indian Rupee .Currently Euro is in strong downtrend but volume is unsatisfactory 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 Support for EURINR is 70.24-.Resistance for the EURINR is 70.9-71.09-71.97-72-72.38-73.85-
In medium term Euro is relatively strengthening against Yen- Dollar- In long term Euro is relatively strengthening against Dollar-
Short term and Intraday Level of Euro with Rupee
Currently EURINR is in HOLD LONG position EURINR is in profit booking mode so hold with stop at 70.408 The oscillator is showing BUY signal
Intraday Trend- Buy is advised only above 70.861 with a stop at 70.379 Below 70.309 go for sell and put stop at 70.791
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