Mtechtips MCX-SX EURINR INTRADAY trading analysis 18-10-2017

Mtechtips MCX-SX EURINR INTRADAY trading analysis 18-10-2017
Mtechtips The Euro is strengthening against Indian Rupee in long- term .Currently Euro is in strong downtrend with good momentum but volume is unsatisfactory 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 showing SELL signal For short term Euro is in SELL position.Positionally Support for EURINR is 75.54-74.69-72.73-.Resistance for the EURINR is 76.84-77.23-77.36-77.39- In medium term Euro is relatively strengthening against Dollar- Pound- Short term and Intraday Level of Euro with Rupee Currently EURINR is in HOLD SHORT position EURINR has formed a new 5 day low yesterday but failed to keep the trend so if selling has to considered better below76.267 Buy if above 77.5425 The oscillator is showing SELL signal Intraday Trend- Buy is advised above 76.693 with a stop at 76.297 Below 76.267 go for sell
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