Mtechtips MCX-SX EURINR INTRADAY trading analysis 17-01-2018
Mtechtips MCX-SX EURINR INTRADAY trading analysis 17-01-2018
Mtechtips The Euro is Strongly strengthening against Indian Rupee .Currently Euro is in strong uptrend but volume is unsatisfactory The open interest is not increasing with trend . In last few days lot of positive accumulation happened in the Euro. 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 LONG position and closed above 1 month high with volume signals up breakout.Positionally Support for EURINR is 76.59-76.56-76.26-76.21-76.2-76.16-74.19-. Immediate resistance for EURINR is 78.81 In long term Euro is relatively strengthening against Pound- 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 In short term EURINR is in strong up trend so hold with stop at 77.428 The oscillator is showing BUY signal Intraday Trend- Buy is advised above 78.807 with a stop at 78.054 Below 77.914 go for sell with a stop at 78.667
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