Mtechtips MCX-SX EURINR INTRADAY trading analysis 07-03-2018

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Mtechtips MCX-SX EURINR INTRADAY trading analysis 07-03-2018

Mtechtips Euro is Strongly strengthening against Indian Rupee .Currently Euro is in strong 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 LONG position and closed above 1 month high with volume signals up breakout.Positionally Support for EURINR is 79.87-79.72-79.55-78.22-77.52-77.14-75.73-. Immediate resistance for EURINR is 81.35 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 EURINR closed above 1 week high with volume signals up breakout Last few days JPYINR is moving down Currently EURINR is in HOLD LONG position EURINR has crossed the high but the trend was not strong and sellers was at high so for short term better buy above 81.312 with stop at 79.75 The EURINR is now trading is approaching overbought level. The EURINR is now trading is approaching overbought level. The oscillator is showing BUY signal  Intraday Trend- Buy is advised only above 81.312 with a stop at 80.628 Below 80.509 go for sell and put stop at 81.192

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