Mtechtips MCX-SX EURINR INTRADAY trading analysis 24-11-2016
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 73.21-73.58-73.62-74.33-74.73-74.79-75.31-
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 LONG position EURINR is moving sideways so short term investor better to buy if close above 72.9825 closing below 72.1725 Sell will happen. The oscillator is showing BUY signal
Intraday Trend- Buy is advised only above 73.206 with a stop at 72.654 Below 72.575 go for sell and put stop at 73.126.