Mtechtips MCX-SX EURINR INTRADAY trading analysis 29-12-2017

Mtechtips MCX-SX EURINR INTRADAY trading analysis 29-12-2017
Mtechtips The Euro is Strongly strengthening against Indian Rupee .Currently Euro is showing some up move after small correction and trend is strong but volume is unsatisfactory The open interest is not increasing with trend . Caution note buying at higer 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 LONGposition.Positionally Support for EURINR is 76.24-76.08-76.01-75.97-75.82-75.8-73.78-. Immediate resistance for EURINR is 77.16 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 EURINR has crossed the high but the trend was not strong and sellers was at high so for short term better buy above 77.124 with stop at 75.89 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 only above 77.124 with a stop at 76.646 Below 76.587 go for sell and put stop at 77.064
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