Mtechtips MCX-SX EURINR INTRADAY trading analysis 23-05-2017

Mtechtips MCX-SX EURINR INTRADAY trading analysis 23-05-2017
Mtechtips Euro is Strongly strengthening 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 . In last few days lot of positive accumulation happened in the Euro. 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 72.25-70.9-70.75-70.69-70.44-70.1-69.95-. Immediate resistance for EURINR is 72.88
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
Currently EURINR is in HOLD LONG position In short term EURINR is in strong up trend so hold with stop at 71.978 The EURINR is now trading in highly overbought level. The oscillator is showing BUY signal
Intraday Trend- is in intraday buy level better buy above 72.835 or in low buy above 72.345 Target is 72.936 next 73.106 Below 72.245 trend reversal can occur so keep long stop at 72.245
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