Home / TIPS / Mtechtips MCX-SX EURINR INTRADAY trading analysis 13-01-2017

Mtechtips MCX-SX EURINR INTRADAY trading analysis 13-01-2017

Mtechtips MCX-SX EURINR INTRADAY trading analysis 13-01-2017
Mtechtips :-Euro is weakening against Indian Rupee .Currently Euro is in strong uptrend and the trend is supported with good volume 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 The current position is BUY .Positionally Support for EURINR is 72.08-71.64-71.39-71.28-.Resistance for the EURINR is 73.21-73.82-74.75-
In medium term Euro is relatively strengthening against Dollar- 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 is in profit booking mode so hold with stop at 72.228 The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 73.036 with a stop at 72.305 Below 72.165 go for sell and put stop at 72.896
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