Mtechtips MCX-SX EURINR INTRADAY trading analysis 22-11-2016
MTECHTIPS The Euro is weakening against Indian Rupee .Currently Euro is in strong downtrend with good momentum 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 HOLD SHORT position.Positionally Immediate support for EURINR is 71.88.Resistance for the EURINR is 73.46-73.65-73.75-74.42-74.78-74.86-75.32-
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 SHORT position The EURINR is in downtrend For short term buy only if close above 72.679 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 only above 72.765 with a stop at 72.215 Below 72.125 go for sell and put stop at 72.675.