Mtechtips MCX-SX EURINR INTRADAY trading analysis 09-03-2018

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Mtechtips MCX-SX EURINR INTRADAY trading analysis 09-03-2018

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.Positionally Support for EURINR is 79.97-79.84-79.61-78.31-77.56-77.17-75.79-. 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 Currently EURINR is in HOLD LONG position In short term EURINR is in strong up trend so hold with stop at 80.71 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 above 81.072 with a stop at 80.658 Below 80.628 go for sell with a stop at 81.042

 

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