Mtechtips MCX-SX EURINR INTRADAY trading analysis 19-05-2017

Mtechtips MCX-SX EURINR INTRADAY trading analysis 19-05-2017
Mtechtips Euro is strengthening against Indian Rupee in long- medium- short-medium- short- term .Currently Euro is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend . In last few days lot of positive accumulation happened in the Euro. The EURINR is now trading in oversold level. The USDINR is now trading in oversold level. The oscillator is showing SELL signal For short term Euro is in HOLD LONG position and closed above 1 month high with volume signals up breakout.Positionally Support for EURINR is 70.72-70.54-70.46-70.4-69.88-69.81-.Resistance for the EURINR is 72.85-
In medium term Euro is relatively strengthening against Pound- In long term Euro is relatively strengthening against Yen- Pound-
Short term and Intraday Level of Euro with Rupee
EURINR closed above 1 week high with volume signals up breakoutCurrently EURINR is in HOLD LONG position In short term EURINR is in strong up trend so hold with stop at 71.186 The EURINR is now trading is approaching overbought level. The EURINR is now trading is approaching overbought level. The oscillator is showing BUY signal
Intraday Trend- is in intraday buy level better buy above 72.775 or in low buy above 71.946 Target is 73.046 next 73.497 Below 71.676 trend reversal can occur so keep long stop at 71.676
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