Mtechtips MCX-SX EURINR INTRADAY trading analysis 16-04-2018

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Mtechtips MCX-SX EURINR INTRADAY trading analysis 16-04-2018

Mtechtips Euro is Strongly strengthening against Indian Rupee .Currently Euro is in downtrend 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 80.07-80.06-79.77-78.77-78.11-76.7-. 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 In short term EURINR is in strong up trend so hold with stop at 80.586 The oscillator is showing BUY signal  Intraday Trend- Buy is advised above 80.771 with a stop at 80.229 Below 80.159 go for sell with stop at 80.701

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