Mtechtips MCX-SX EURINR INTRADAY trading analysis 01-01-2018

Mtechtips MCX-SX EURINR INTRADAY trading analysis 01-01-2018
Mtechtips The Euro is Strongly strengthening against Indian Rupee .Currently Euro is in strong uptrend with good momentum but volume is unsatisfactory The open interest is not increasing with trend . Cautious point is 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 LONG position.Positionally Support for EURINR is 76.23-76.09-76.03-75.97-75.87-75.83-73.81-. 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 In short term EURINR is in strong up trend so hold with stop at 76.673 The EURINR is now trading in highly overbought level. The EURINR is now trading in highly overbought level. The oscillator is showing BUY signal Intraday Trend- Buy is advised above 77.024 with a stop at 76.597 Below 76.547 go for sell with a stop at 76.974
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