Mtechtips MCX-SX EURINR INTRADAY trading analysis 11-05-2017

Mtechtips MCX-SX EURINR INTRADAY trading analysis 11-05-2017
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 70.18-69.87-69.83-69.39-.Resistance for the EURINR is 71.17-71.34-72.96-
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 but the trend was not strong and sellers was at high so for short term better buy above 71.022 with stop at 70.1325 The oscillator is showing BUY signal
Intraday Trend- Buy is advised only above 71.022 with a stop at 70.469 Below 70.379 go for sell and put stop at 70.932
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