Mtechtips MCX-SX EURINR INTRADAY trading analysis 12-06-2017

Mtechtips MCX-SX EURINR INTRADAY trading analysis 12-06-2017
Mtechtips Euro is strengthening against Indian Rupee in long- medium- short-medium- term .Currently Euro is showing some down move and trend is strong momentum is also showing strength and supported with good volume The open interest is not increasing with trend .. The EURINR is now trading in oversold level. The EURINR is now trading in oversold level. The oscillator is on SELL signal and EURINR is coming down from overbought level For short term Euro is in HOLD LONG position.Positionally Support for EURINR is 71.63-70.91-70.49-70.47-.Resistance for the EURINR is 72.68-72.81-72.82-
In long term Euro is relatively strengthening against Pound-
Short term and Intraday Level of Euro with Rupee
Currently EURINR is in HOLD SHORT position EURINR is moving sideways so short term investor better to buy only above 72.92 or hold with stop at 72.065 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 72.455 with a stop at 71.856 Below 71.746 go for sell
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