Mtechtips MCX-SX EURINR INTRADAY trading analysis 22-10-2018 Mtechtips Euro is strengthening against Indian Rupee in long- medium- term .Currently Euro is in 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 SHORT position and closed below 3 week low with volume signals down breakout.Positionally Support for EURINR is 82.92-81.98-81.23-80.18-.Resistance for the EURINR is 85.48-85.65-85.75- In medium term Euro is relatively strengthening against Dollar- 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 has formed a new 5 day low yesterday but failed to keep the trend so if selling has to considered better below83.483 Buy if above 85.955 The EURINR is now trading is approaching oversold level. The EURINR is now trading is approaching oversold level. The oscillator is showing SELL signal Intraday Trend- Buy is advised above 84.92 with a stop at 83.752 Below 83.483 go for sell WWW.MTECHTIPS.COM 07489294118-119
Published on Oct 22 2018 10:36AM, by MTECHTIPS in Currency| Share This