Mtechtips MCX-SX EURINR INTRADAY trading analysis 22-06-2017


Mtechtips MCX-SX EURINR INTRADAY trading analysis 22-06-2017

Mtechtips Euro is strengthening against Indian Rupee in long- medium- term .Currently Euro is in strong downtrend with good momentum but volume is unsatisfactory The open interest is not increasing with trend . Noting point is selling at lower levels seems decreasing. 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 SELL position.Positionally Support for EURINR is 70.89-70.88-70.61-.Resistance for the EURINR is 72.52-72.55-72.65-72.7-

In long term Euro is relatively strengthening against Pound-

Short term and Intraday Level of Euro with Rupee

Currently EURINR is in HOLD SHORT position EURINR is moving sideways so short term investor better to buy only above 72.3325 or hold with stop at 71.99 The EURINR is now trading is approaching oversold level. The EURINR is now trading is approaching oversold level. The oscillator is showing BUY signal

Intraday Trend- Buy is advised above 72.254 with a stop at 71.886 Below 71.856 go for sell

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