Mtechtips MCX-SX EURINR INTRADAY trading analysis 25-11-2016
MTECHTIPS The Euro is weakening against Indian Rupee .Currently Euro is in strong downtrend 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 73.08-73.52-73.55-74.27-74.69-74.77-75.3-
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 In short term EURINR is in strong up trend so hold with stop at 72.472 The oscillator is showing BUY signal
Intraday Trend- Buy if above 72.976 with a stop at 72.365 Sell below 72.215 or sell if open below 72.365.