Mtechtips MCX-SX EURINR INTRADAY trading analysis 12-05-2017

Mtechtips MCX-SX EURINR INTRADAY trading analysis 12-05-2017

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 69.85-69.41-.Resistance for the EURINR is 70.47-70.77-71.13-71.31-72.93-

In medium term Euro is relatively strengthening against 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 70.93 with stop at 70.1325 The oscillator is showing SELL signal

Intraday Trend- Buy is advised above 70.611 with a stop at 69.91 Below 69.76 go for sell

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