Mtechtips MCX-SX EURINR INTRADAY trading analysis 03-07-2017
Mtechtips The Euro is Strongly strengthening against Indian Rupee .Currently Euro is in strong uptrend with good momentum 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 BUY signal For short term The current position is BUY .Positionally Support for EURINR is 72.44-72.28-72.27-71.91-71.41-70.89-70.79-. Immediate resistance for EURINR is 74.66 Short term and Intraday Level of Euro with Rupee
Currently EURINR is in HOLD LONG position In EURINR is in up trend but last day trend was weak so adhere to stop at 73.793 The EURINR is now trading is approaching overbought level. The EURINR is now trading is approaching overbought level. The oscillator is showing BUY signal Intraday Trend- Sell if open below 73.752 with stop loss at 74.258 Buy is advised only above 74.358.