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Mtechtips MCX-SX EURINR INTRADAY trading analysis 18-11-2016

Thursday, November 17, 2016 22:30
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Mtechtips MCX-SX EURINR INTRADAY trading analysis 18-11-2016

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 .In last 1 month volatality is very less Buy the EURINR above 76 or buy with strict stop at 72.37. 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 73.76-73.83-73.88-74.53-74.84-74.94-75.33-

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 SHORT position EURINR is moving sideways so short term investor better to buy if close above 73.4275 closing below 72.66 Sell will happen. 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 73.236 with a stop at 72.694 Below 72.614 go for sell and put stop at 73.156.

WWW.MTECHTIPS.COM

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