Mtechtips MCX-SX EURINR INTRADAY trading analysis 18-04-2017

Mtechtips MCX-SX EURINR INTRADAY trading analysis 18-04-2017
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. 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 69.26-69.78-70.19-71-71.48-71.75-73.36-
In medium term Euro is relatively strengthening against Yen- Pound- In long term Euro is relatively strengthening against Yen-
Short term and Intraday Level of Euro with Rupee
EURINR is in profit booking mode so hold with stop at 68.597 The oscillator is showing BUY signal
Intraday Trend- Buy is advised only above 69.038 with a stop at 68.533 Below 68.453 go for sell and put stop at 68.958
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