Mtechtips MCX-SX EURINR INTRADAY trading analysis 10-04-2017

Mtechtips MCX-SX EURINR INTRADAY trading analysis 10-04-2017
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 SELL signal For short term Euro is in SELL position.Positionally Immediate support for EURINR is 68.27.Resistance for the EURINR is 70.19-70.39-70.6-71.44-71.63-71.97-73.54-
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 EURINR is in sideways but the trend looks weak so better buy above 69.8175 or hold with stop at 68.545 The EURINR is now trading in highly oversold level. The EURINR is now trading in highly oversold level. The oscillator is showing SELL signal
Intraday Trend- Sell if open below 68.263 with stop loss at 68.837 or sell below 68.104Buy is not advised till it cross 68.998
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