Mtechtips MCX-SX EURINR INTRADAY trading analysis 05-04-2018

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Mtechtips MCX-SX EURINR INTRADAY trading analysis 05-04-2018

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 .. 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 79.49-78.36-77.79-76.42-.Resistance for the EURINR is 80.66-80.67-80.71- 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 SHORT position EURINR is in sideways and sellers was at high so for short term better buy above 80.621 or hold with stop at 80.03 The next resistance will be at 81.1675 The oscillator is showing SELL signal Intraday Trend- Buy is advised only above 80.621 with a stop at 80.07 Below 80 go for sell and put stop at 80.551

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