Mtechtips MCX-SX EURINR INTRADAY trading analysis 17-11-2016
MTECHTIPS Euro is weakening against Indian Rupee.Currently Euro is showing some down move and trend is strong and supported with good volume The open interest is not increasing with trend . Caution note 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 72.37.Resistance for the EURINR is 73.82-73.87-73.96-74.57-74.85-74.97-75.34-
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 SELL position EURINR is moving sideways with low volatality so short term investor better to buy if close above 75.7 close below 72.66 Sell will happen. The EURINR is now trading in highly oversold level. The oscillator is showing BUY signal.