Mtechtips MCX-SX EURINR INTRADAY trading analysis 10-01-2018

Mtechtips MCX-SX EURINR INTRADAY trading analysis 10-01-2018
Mtechtips The Euro is weakening against Indian Rupee .Currently Euro is in strong uptrend 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 SHORT position.Positionally Support for EURINR is 74.02-.Resistance for the EURINR is 76.61-76.62-76.73-76.78-76.83-76.96- 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 SHORT position EURINR has formed new 5 day high but the trend looks weak so better buy above 76.883 The EURINR is now trading in highly oversold level. The EURINR is now trading in highly oversold level. The oscillator is showing SELL signal Intraday Trend- Sell if open below 75.898 with stop loss at 76.653 or sell below 75.668Buy is not advised till it cross 76.883
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