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

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

Mtechtips Euro is strengthening against Indian Rupee in long- medium- term .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 79.44-78.3-77.75-76.38-.Resistance for the EURINR is 80.65-80.67-80.7-

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 RupeeCurrently EURINR is in HOLD LONG position In EURINR is in up trend but last day trend was weak so adhere to stop at 80.677 The oscillator is showing BUY signal  Intraday Trend- Sell if open below 79.82 with stop loss at 80.631 Buy is advised only above 80.871

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