Mtechtips MCX-SX EURINR INTRADAY trading analysis 19-04-2017

Mtechtips MCX-SX EURINR INTRADAY trading analysis 19-04-2017
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 . 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 Support for EURINR is 68.65-.Resistance for the EURINR is 69.67-70.12-70.93-71.46-71.71-73.33-
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
Currently EURINR is in HOLD SHORT position EURINR is in sideways and sellers was at high so for short term better buy above 69.419 or hold with stop at 68.46 The next resistance will be at 69.115 The oscillator is showing BUY signal
Intraday Trend- Buy is advised only above 69.419 with a stop at 68.842 Below 68.732 go for sell and put stop at 69.308
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