Mtechtips MCX-SX EURINR INTRADAY trading analysis 22-05-2018

Mtechtips MCX-SX EURINR INTRADAY trading analysis 22-05-2018 Mtechtips Euro is strengthening against Indian Rupee in long- term .Currently Euro is in strong downtrend with good momentum and the trend is supported with good volume The open interest is not increasing with trend .. The EURINR is now trading in oversold level. The USDINR is now trading in overbought level. The oscillator is showing SELL signal For short term Euro is in HOLD LONG position.Positionally Support for EURINR is 79.13-77.58-.Resistance for the EURINR is 80.6-80.7-80.71-80.89-81.06- In medium term Euro is relatively strengthening against Yen- Dollar- In long term Euro is relatively strengthening against Yen- Dollar- Pound- Short term and Intraday Level of Euro with Rupee Currently EURINR is in HOLD SHORT position The EURINR is in slight down trend. Hold short with tight stop at 80.245 If trades and sustain above 79.9925 it is again selling signal The oscillator is showing SELL signal Intraday Trend-The EURINR closed in a confusion manner So buy for intraday only above 80.471 with a stop at 79.91 If opens below 79.91 or trade below 79.83 be cautious or go for sell with stop at 80.39 WWW.MTECHTIPS.COM 07489294118-119
Published on May 22 2018 10:44AM, by MTECHTIPS in Currency| Share This




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