Mtechtips MCX-SX EURINR INTRADAY trading analysis 19-12-2018

Mtechtips MCX-SX EURINR INTRADAY trading analysis 19-12-2018

Mtechtips   Euro is weakening against Indian Rupee .Currently Euro is moving sideways The EURINR is now trading in oversold level. The EURINR is now trading in oversold level. The oscillator is showing SELL signal and has moved down its previous low with good volume points to a negative break out . 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 EURINR closed below 1 week low with volume signals down breakout.Positionally Immediate support for EURINR is 80.19.Resistance for the EURINR is 81.24-81.4-81.6-81.62-82.77-83.14-83.52- In medium term Euro is relatively strengthening against Yen- Dollar- In long term Euro is relatively strengthening against Yen- Dollar- Pound- Short term and Intraday Level of Euro with Rupee EURINR and closed below 1 week low with volume signals down breakout Last few days JPYINR is moving down Currently EURINR is in HOLD SHORT position The EURINR is in downtrend For short term buy only if close above 81.284 The oscillator is showing SELL signal Intraday Trend- Sell if open below 80.139 with stop loss at 80.891 or sell below 79.92 Buy only above 81.112

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