Mtechtips MCX-SX EURINR INTRADAY trading analysis 02-05-2017

Mtechtips MCX-SX EURINR INTRADAY trading analysis 02-05-2017
Mtechtips Euro is weakening against Indian Rupee .Currently Euro is in strong uptrend with good momentum and the trend is 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 69.95-69.42-69.38-69.07-.Resistance for the EURINR is 71.29-71.48-73.09-
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 has crossed the high so for short term better buy above 71.032 with stop at 69.845 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 above 71.032 and keep stop below 70.349 Target is 71.222 next 71.553 Below 70.159 trend reversal can occur and next level is 69.83
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