Mtechtips MCX-SX EURINR INTRADAY trading analysis 04-07-2017


Mtechtips MCX-SX EURINR INTRADAY trading analysis 04-07-2017

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 72.62-72.41-72.34-71.9-71.5-70.9-70.84-. Immediate resistance for EURINR is 74.66Short term and Intraday Level of Euro with Rupee

Currently EURINR is in HOLD LONG position In short term EURINR is in strong up trend so hold with stop at 73.933 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 74.419 with a stop at 73.802 Below 73.702 go for sell with stop at 74.318

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