Mtechtips MCX-SX EURINR INTRADAY trading analysis 08-05-2017

Mtechtips MCX-SX EURINR INTRADAY trading analysis 08-05-2017
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 The current position is BUY .Positionally Support for EURINR is 69.97-69.9-69.57-69.35-.Resistance for the EURINR is 71.21-71.38-72.99-
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 70.429 Very Short term investor please cautious on EURINR as it is moving with low volatality The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 71.242 with a stop at 70.559 Below 70.429 go for sell with a stop at 71.112
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