Mtechtips MCX-SX EURINR INTRADAY trading analysis 05-03-2018

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Mtechtips MCX-SX EURINR INTRADAY trading analysis 05-03-2018

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Mtechtips Euro is strengthening against Indian Rupee in long- medium- short-medium- short- term .Currently Euro is in uptrend but volume is unsatisfactory 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.Positionally Support for EURINR is 79.43-79.3-77.93-77.35-77.02-75.58-.Resistance for the EURINR is 80.34- In medium term Euro is relatively strengthening against Yen- In long term Euro is relatively strengthening against Pound-

Short term and Intraday Level of Euro with Rupee Currently EURINR is in HOLD LONG position EURINR is in profit booking mode so better sell and enter at lower level The oscillator is showing BUY signal  Intraday Trend- Buy is advised above 80.13 with a stop at 79.6 Below 79.531 go for sell

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