Mtechtips MCX-SX EURINR INTRADAY trading analysis 24-05-2017

Mtechtips MCX-SX EURINR INTRADAY trading analysis 24-05-2017
Mtechtips Euro is Strongly strengthening against Indian Rupee .Currently Euro is in strong uptrend but volume is unsatisfactory 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 The current position is BUY .Positionally Support for EURINR is 72.24-71.12-70.84-70.77-70.44-70.27-69.99-. Immediate resistance for EURINR is 73.36
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 72.313 The EURINR is now trading in highly overbought level. The EURINR is now trading in highly overbought level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 73.326 with a stop at 72.634 Below 72.505 go for sell with a stop at 73.196
WWW.MTECHTIPS.COM
07489294118-119