Mtechtips MCX-SX EURINR INTRADAY trading analysis 02-12-2016
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 .. 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 72.56-72.5-.Resistance for the EURINR is 73.56-74.05-74.58-74.65-75.27-
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 73.56 closing below 72.2475 Sell will happen. The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 73.266 with a stop at 72.585 Below 72.445 go for sell and put stop at 73.126.