Mtechtips MCX-SX EURINR INTRADAY trading analysis 28-12-2017

Mtechtips MCX-SX EURINR INTRADAY trading analysis 28-12-2017
Mtechtips The Euro is Strongly strengthening against Indian Rupee .Currently Euro is in strong downtrend but volume is unsatisfactory The open interest is not increasing with trend . Noting point is selling at lower levels seems decreasing. 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 76.24-76.07-75.98-75.97-75.77-75.73-73.75-. Immediate resistance for EURINR is 76.96
In medium term Euro is relatively strengthening against Pound- In long term Euro is relatively strengthening against Dollar- 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 76.142 The EURINR is now trading is approaching overbought level. The EURINR is now trading is approaching overbought level. The oscillator is showing BUY signal Intraday Trend- Buy is advised above 77.144 with a stop at 76.317 Below 76.147 go for sell with a stop at 76.974
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