September 26, 2017

Mtechtips MCX-SX EURINR INTRADAY trading analysis 02-02-2017

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 above73.66 or buy with strict stop at 71.75. 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 72.67-72.51-72.31-72.1-71.94-.Resistance for the EURINR is 73.47-74.59-

In medium term Euro is relatively strengthening against Yen- 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 moving sideways so short term investor better to buy only above 73.365 or hold with stop at 72.7925 The oscillator is showing SELL signal

Intraday Trend- Buy is advised above 73.507 with a stop at 72.904 Below 72.804 go for sell

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