Mtechtips MCX-SX EURINR INTRADAY trading analysis 16-02-2017
Mtechtips MCX-SX EURINR INTRADAY trading analysis 16-02-2017
Mtechtips :- Euro is weakening against Indian Rupee .Currently Euro is in strong downtrend but volume is unsatisfactory The open interest is not increasing with trend . Noting point is selling at lower levels seems decreasing. The EURINR is now trading in oversold level. The EURINR is now trading in oversold level. The oscillator is showing SELL signal For short term Euro is in SELL position.Positionally Immediate support for EURINR is 70.43.Resistance for the EURINR is 72.13-72.31-72.54-72.71-73.14-74.41-
In medium term Euro is relatively strengthening against Yen- 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 The EURINR is in downtrend For short term buy only if close above 71.285 The EURINR is now trading in highly oversold level. The EURINR is now trading in highly oversold level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 71.152 with a stop at 70.449 Below 70.309 go for sell
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