Mtechtips MCX-SX EURINR INTRADAY trading analysis 12-03-2018

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Mtechtips MCX-SX EURINR INTRADAY trading analysis 12-03-2018

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 80.01-79.91-79.65-78.4-77.61-77.2-75.83-. 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 EURINR is in profit booking mode so better sell and enter at lower level The EURINR is now trading is approaching overbought level. The EURINR is now trading is approaching overbought level. The oscillator is on SELL signal and EURINR is coming down from overbought level Intraday Trend- Buy is advised above 80.801 with a stop at 80.05 Below 79.91 go for sell

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