Home / TIPS / Mtechtips MCX-SX EURINR INTRADAY trading analysis 29-12-2016

Mtechtips MCX-SX EURINR INTRADAY trading analysis 29-12-2016

Mtechtips MCX-SX EURINR INTRADAY trading analysis 29-12-2016

MTECHTIPS  Euro is weakening against Indian Rupee .Currently Euro is moving sideways The EURINR is now trading in oversold level. The EURINR is now trading in oversold level. The oscillator is showing BUY signal .In last 1 month volatality is very less and fresh Buy can be considered in the EURINR if it close above73.22 or buy with strict stop at 70.3. 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 71.04-70.77-.Resistance for the EURINR is 72.26-72.92-73.64-74.11-74.86-

In medium term Euro is relatively strengthening against Dollar- Pound- In long term Euro is relatively strengthening against Dollar-

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 71.813 with stop at 70.78 The oscillator is showing BUY signal

Intraday Trend- Buy is advised only above 71.813 with a stop at 71.377 Below 71.327 go for sell and put stop at 71.763

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