Mtechtips MCX-SX EURINR INTRADAY trading analysis 26-04-2017

Mtechtips MCX-SX EURINR INTRADAY trading analysis 26-04-2017
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 .. The EURINR is now trading in oversold level. The EURINR is now trading in oversold level. The oscillator is showing BUY signal For short term Euro is in HOLD LONG position.Positionally Support for EURINR is 69.39-68.92-68.87-.Resistance for the EURINR is 70.6-71.34-71.56-73.17-
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 EURINR is in sideways and sellers was at high so for short term better buy above 70.22 or hold with stop at 69.1375 The next resistance will be at 70.1175 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 only above 70.22 with a stop at 69.77 Below 69.72 go for sell and put stop at 70.17
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