Mtechtips MCX-SX EURINR INTRADAY trading analysis 08-11-2016
MTECHTIPS Euro is weakening against Indian Rupee .Currently Euro is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend . In last few days lot of positive accumulation happened in the Euro. 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 73.6-73.36-73.22-.Resistance for the EURINR is 74.83-74.92-75.12-75.33-
In medium term Euro is relatively strengthening against Dollar- In long term Euro is relatively strengthening against Yen- Dollar-
Short term and Intraday Level of Euro with Rupee
Currently EURINR is in HOLD LONG position EURINR is in profit booking mode so better sell and enter at lower level The EURINR is now trading in highly overbought level. The EURINR is now trading in highly overbought level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 74.439 with a stop at 73.882 Below 73.792 go for sell.