Mtechtips MCX-SX EURINR INTRADAY trading analysis 03-04-2018

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Mtechtips MCX-SX EURINR INTRADAY trading analysis 03-04-2018

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 80.07-80.06-79.99-79.38-78.25-77.7-76.35-. Immediate resistance for EURINR is 81.49

In medium term Euro is relatively strengthening against Yen- Dollar- Pound- In long term Euro is relatively strengthening against Yen- Pound- Short term and Intraday Level of Euro with Rupee 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 81.402 with stop at 80.19 The oscillator is showing BUY signal  Intraday Trend- Buy is advised only above 81.402 with a stop at 80.868 Below 80.798 go for sell and put stop at 81.332

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