Mtechtips MCX-SX EURINR INTRADAY trading analysis 06-02-2019
Mtechtips MCX-SX EURINR INTRADAY trading analysis 06-02-2019
Mtechtips Euro is weakening against Indian Rupee .Currently Euro is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend . Cautious point is 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 81.4-81.27-81.14-81.1-80.9-80.6-.Resistance for the EURINR is 82.86-
In medium term Euro is relatively strengthening against Yen- Pound- 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 EURINR is moving sideways so short term investor better to buy only above 82.57 or hold with stop at 81.76 The EURINR is now trading in highly overbought level. The EURINR is now trading in highly overbought level. The oscillator is showing SELL signal Intraday Trend- Buy is advised above 82.505 with a stop at 81.766 Below 81.636 go for sell
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