Mtechtips MCX-SX EURINR INTRADAY trading analysis 16-07-2018 Mtechtips Euro is weakening against Indian Rupee .Currently Euro is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend . Cautious point is buying at higer levels seems decreasing. 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 Euro is in HOLD LONG position and EURINR closed below 1 week low with volume signals down breakout.Positionally Support for EURINR is 79.53-79.52-78.27-.Resistance for the EURINR is 80.47-80.85- 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 EURINR and closed below 1 week low with volume signals down breakout Last few days JPYINR is moving down Currently EURINR is in HOLD SHORT position EURINR is moving sideways so short term investor better to buy only above 81.1375 or hold with stop at 80.14 The EURINR is now trading is approaching overbought level. The EURINR is now trading is approaching overbought level. The oscillator is on SELL signal and EURINR is coming down from overbought level Intraday Trend- Buy is advised above 80.691 with a stop at 79.79 Below 79.6 go for sell WWW.MTECHTIPS.COM 07489294118-119
Published on Jul 16 2018 10:49AM, by MTECHTIPS in Currency| Share This