Mtechtips MCX-SX EURINR INTRADAY trading analysis 17-04-2017

Mtechtips MCX-SX EURINR INTRADAY trading analysis 17-04-2017
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 . In last few days volume based selling happened in the Euro 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 68.03.Resistance for the EURINR is 69.4-69.91-70.27-71.09-71.51-71.79-73.4-
In medium term Euro is relatively strengthening against Yen- In long term Euro is relatively strengthening against Yen-
Short term and Intraday Level of Euro with Rupee
Currently EURINR is in HOLD LONG position EURINR is moving sideways with low volatality so short term investor better to buy if close above 69.06 close below 68.3 sell will happen. The EURINR is now trading is approaching oversold level. The EURINR is now trading is approaching oversold level. The oscillator is showing BUY signal
Intraday Trend-Intraday better to buy above 69.078 and Sell if below68.363
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