Mtechtips MCX-SX EURINR INTRADAY trading analysis 2-11-2016
Mtechtips MCX-SX EURINR INTRADAY trading analysis 2-11-2016
MTECHTIPS Euro is weakening against Indian Rupee .Currently Euro is in strong downtrend and the trend is supported with good volume The open interest is not increasing with trend .. 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 SHORT position.Positionally Support for EURINR is 73.14-72.93-.Resistance for the EURINR is 74.31-74.94-74.97-75.19-75.29-
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 In short term EURINR is in strong up trend so hold with stop at 73.444 The EURINR is now trading is approaching overbought level. The EURINR is now trading is approaching overbought level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 74.078 with a stop at 73.503 Below 73.403 go for sell with a stop at 73.978
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