Mtechtips MCX-SX EURINR INTRADAY trading analysis 08-06-2017

Mtechtips MCX-SX EURINR INTRADAY trading analysis 08-06-2017
Mtechtips Euro is strengthening against Indian Rupee in long- medium- short-medium- term .Currently Euro is moving sideways The EURINR is now trading in oversold level. The EURINR is now trading in oversold level. The oscillator is showing SELL signal and has moved down its previous low with good volume points to a negative break out . 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 and EURINR closed below 1 week low with volume signals down breakout.Positionally Support for EURINR is 71.48-70.9-70.45-70.43-.Resistance for the EURINR is 72.71-72.82-72.83-
In long term Euro is relatively strengthening against Pound-
Short term and Intraday Level of Euro with Rupee
EURINR and closed below 1 week low with volume signals down breakoutCurrently EURINR is in HOLD SHORT position EURINR has formed new 5 day high but the trend looks weak so better buy above 72.825 Yesterday the selling was with volume so risk takers can go for shorting at current rate with stop at 72.92 The oscillator is showing SELL signal
Intraday Trend- Sell if open below 72.106 with stop loss at 72.685 or sell below 71.966Buy is not advised till it cross 72.825
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