Mtechtips MCX-SX EURINR INTRADAY trading analysis 17-10-2018 Mtechtips Euro is strengthening against Indian Rupee in long- medium- short-medium- term .Currently Euro is moving sideways The EURINR is now trading in oversold level. The EURINR is now trading in oversold level. The oscillator is showing BUY signal and has moved down its previous low with good volume points to a negative break out . 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 84.73-82.76-81.84-81.14-80.09-.Resistance for the EURINR is 85.78-85.85- In medium term Euro is relatively strengthening against Pound- In long term Euro is relatively strengthening against Dollar- Short term and Intraday Level of Euro with Rupee EURINR and closed below 1 week low with volume signals down breakoutCurrently EURINR is in HOLD SHORT position EURINR is in sell mode sell below 85.05 buy only above 86.045 Yesterday the selling was with volume so risk takers can go for shorting at current rate with stop at 86.045 The oscillator is showing SELL signal Intraday Trend- Sell if open below 85.05 with stop loss at 85.681 or sell below 84.9Buy is not advised till it cross 85.831 WWW.MTECHTIPS.COM 07489294118-119
Published on Oct 17 2018 10:39AM, by MTECHTIPS in Currency| Share This