Mtechtips MCX-SX USDINR INTRADAY trading analysis 18-05-2017

Mtechtips MCX-SX USDINR INTRADAY trading analysis 18-05-2017
Mtechtips Euro is strengthening against Indian Rupee in long- medium- short-medium- short- term .Currently Euro is in strong uptrend but volume is unsatisfactory 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 SELL signal For short term Euro is in HOLD LONG position.Positionally Support for EURINR is 70.71-70.47-70.34-70.24-69.85-69.65-.Resistance for the EURINR is 72.86-
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 has crossed the high but the trend was not strong and sellers was at high so for short term better buy above 71.743 with stop at 70.065 The oscillator is showing BUY signal
Intraday Trend- Buy is advised only above 71.743 with a stop at 71.117 Below 71.008 go for sell and put stop at 71.633
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