Mtechtips MCX-SX EURINR INTRADAY trading analysis 04-05-2017

Mtechtips MCX-SX EURINR INTRADAY trading analysis 04-05-2017
Mtechtips:- Euro is weakening against Indian Rupee .Currently Euro is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend . Cautious point is 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 showing BUY signal For short term Euro is in HOLD LONG position.Positionally Support for EURINR is 69.91-69.72-69.35-69.32-.Resistance for the EURINR is 71.25-71.43-73.04-
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 moving sideways so short term investor better to buy only above 70.785 or hold with stop at 70.075 The EURINR is now trading is approaching overbought level. The EURINR is now trading is approaching overbought level. The oscillator is on SELL signal and EURINR is coming down from overbought level
Intraday Trend- Buy is advised above 70.902 with a stop at 70.04 Below 69.85 go for sell
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