Mtechtips MCX-SX EURINR INTRADAY trading analysis 23-03-2017
Mtechtips MCX-SX EURINR INTRADAY trading analysis 23-03-2017
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 BUY signal For short term Euro is in HOLD SHORT position.Positionally Support for EURINR is 70.31-70.23-.Resistance for the EURINR is 71.06-71.95-71.96-72.36-73.83-
In medium term Euro is relatively strengthening against Yen- Dollar- 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 is moving sideways so short term investor better to buy only above 70.8475 with stop at 70.1325 The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 71.002 with a stop at 70.499 Below 70.429 go for sell
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