Mtechtips MCX-SX EURINR INTRADAY trading analysis 07-04-2017

Mtechtips MCX-SX EURINR INTRADAY trading analysis 07-04-2017
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 . 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 SELL signal For short term Euro is in SELL position.Positionally Immediate support for EURINR is 68.82.Resistance for the EURINR is 70.41-70.49-70.7-71.52-71.66-72.03-73.57-
In long term Euro is relatively strengthening against Yen-
Short term and Intraday Level of Euro with Rupee
Currently EURINR is in HOLD SHORT position The EURINR is in downtrend For short term buy only if close above 69.713 The EURINR is now trading in highly oversold level. The oscillator is showing BUY signal
Intraday Trend- Sell if open below 68.802 with stop loss at 69.419 or sell below 68.642 Buy only above 69.579
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