Mtechtips MCX-SX EURINR INTRADAY trading analysis 18-02-2019 Mtechtips Euro is weakening against Indian Rupee .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 HOLD SHORT position.Positionally Immediate support for EURINR is 79.75.Resistance for the EURINR is 81.36-81.4-81.58-81.64-81.65-81.75-82.6- In medium term Euro is relatively strengthening against Yen- Dollar- Pound- In long term Euro is relatively strengthening against Yen- Dollar- Short term and Intraday Level of Euro with Rupee Last few days GBPINR is moving down Currently EURINR is in HOLD SHORT position The EURINR was in downtrend but yesterday market closed in confusion so book short if any or hold with tight stop at 80.399 If trades and sustain above 80.63 it is a covering signal The EURINR is now trading in highly oversold level. The EURINR is now trading in highly oversold level. The oscillator is showing BUY signal Intraday Trend-The EURINR closed in a confusion manner So sell for intraday Only below 80.339 with a stop at 80.851 If opens above 80.851 or trade above 80.922 go for buy with stop at 80.409 WWW.MTECHTIPS.COM 07489294118-119
Published on Feb 18 2019 10:28AM, by MTECHTIPS in Currency| Share This