Mtechtips MCX-SX EURINR INTRADAY trading analysis 27-03-2017

Mtechtips MCX-SX EURINR INTRADAY trading analysis 27-03-2017
Mtechtips :- Euro is weakening against Indian Rupee .Currently Euro is moving sideways The EURINR is now trading in oversold level. The EURINR is now trading in oversold level. The oscillator is showing BUY signal .In last 1 month volatality is very less and fresh Buy can be considered in the EURINR if it close above71.55 or buy with strict stop at 69.39. 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 LONG position.Positionally Support for EURINR is 70.32-70.24-.Resistance for the EURINR is 71.01-71.9-71.91-72.31-73.78-
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 has crossed the high but the trend was not strong and sellers was at high so for short term better buy above 70.972 with stop at 70.365 The EURINR is now trading is approaching overbought level. The EURINR is now trading is approaching overbought level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised only above 70.972 with a stop at 70.489 Below 70.419 go for sell and put stop at 70.902
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