Mtechtips MCX-SX EURINR INTRADAY trading analysis 04-01-2018

Mtechtips MCX-SX EURINR INTRADAY trading analysis 04-01-2018
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 76.23-76.16-76.12-76.03-75.99-75.98-73.9-. Immediate resistance for EURINR is 77.29
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 Last few days JPYINR is moving down Currently EURINR is in HOLD LONG position EURINR is moving sideways so short term investor better to buy only above 76.985 or hold with stop at 76.6275 The EURINR is now trading is approaching overbought level. The EURINR is now trading is approaching overbought level. The oscillator is on SELL signal and EURINR is coming down from overbought level Intraday Trend- Buy is advised above 76.924 with a stop at 76.407 Below 76.337 go for sell
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