Mtechtips MCX-SX EURINR INTRADAY trading analysis 4-11-2016
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.Positionally Support for EURINR is 73.67-73.14-73.1-.Resistance for the EURINR is 74.91-74.93-75.16-75.31-
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 73.933 The EURINR is now trading in highly overbought level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 74.519 with a stop at 73.992 Below 73.912 go for sell with stop at 74.439.