Mtechtips MCX-SX EURINR INTRADAY trading analysis 3-11-2016
MTECHTIPS The Euro is weakening against Indian Rupee .Currently Euro is showing some up move after small correction and trend is strong and supported with good volume The open interest is not increasing with trend . Caution note buying at higer levels seems decreasing. 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 LONG position and closed above 1 week high with volume signals up breakout.Positionally Support for EURINR is 73.69-73.13-73.02-.Resistance for the EURINR is 74.94-75.18-75.3-
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
EURINR closed above 1 week high with volume signals up breakoutCurrently EURINR is in HOLD LONG position EURINR has crossed the high but the trend was not strong and sellers was at high so for short term better buy above 74.779 with stop at 73.26 The EURINR is now trading in highly overbought level. The EURINR is now trading in highly overbought level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised only above 74.779 with a stop at 73.932 Below 73.742 go for sell and put stop at 74.589.