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Mtechtips MCX-SX EURINR INTRADAY trading analysis 29-11-2016

Monday, November 28, 2016 23:14
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Mtechtips MCX-SX EURINR INTRADAY trading analysis 29-11-2016

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MTECHTIPS The 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 SELL signal but has moved past its recent high with good volume points to a positive break out . 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 and closed above 1 week high with volume signals up breakout.Positionally Support for EURINR is 72.95-72.75-72.48-.Resistance for the EURINR is 74.18-74.64-74.72-75.29-

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

EURINR closed above 1 week high with volume signals up breakoutCurrently EURINR is in HOLD LONG position EURINR is in side ways and sellers at high so for short term better buy above 73.56 with stop at 72.2475 The next resistance will be at 73.56 The oscillator is showing SELL signal

Intraday Trend- Buy is advised only above 74.008 with a stop at 72.874 Below 72.595 go for sell.

WWW.MTECHTIPS.COM

07489294118-119

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