Mtechtips MCX-SX EURINR INTRADAY trading analysis 25-04-2017

Mtechtips MCX-SX EURINR INTRADAY trading analysis 25-04-2017
Mtechtips :- Euro is weakening against Indian Rupee .Currently Euro is showing some up move after small correction and trend is strong and supported with good volume The open interest is not increasing with trend . Caution note buying at higer levels seems decreasing. The EURINR is now trading in oversold level. The EURINR is now trading in oversold level. The oscillator is on BUY Signal and EURINR is recovering from oversold level For short term Euro is in HOLD LONG position.Positionally Support for EURINR is 69.41-68.85-68.77-.Resistance for the EURINR is 70.65-71.36-71.59-73.19-
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 LONG position In short term EURINR is in strong up trend so hold with stop at 69.478 The EURINR is now trading in highly overbought level. The EURINR is now trading in highly overbought level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 70.651 with a stop at 69.601 Below 69.351 go for sell with stop at 70.401
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