Mtechtips MCX-SX EURINR INTRADAY trading analysis 18-04-2018

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Mtechtips MCX-SX EURINR INTRADAY trading analysis 18-04-2018

Mtechtips Euro is Strongly strengthening against Indian Rupee .Currently Euro is showing some up move after small correction and trend is strong but volume is unsatisfactory The open interest is not increasing with trend . Caution note 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 80.19-80.17-80.09-79.85-78.91-78.19-76.79-. Immediate resistance for EURINR is 81.87

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 is in sideways and sellers was at high so for short term better buy above 81.783 or hold with stop at 80.4525 The next resistance will be at 81.5475 The EURINR is now trading in highly overbought level. The EURINR is now trading in highly overbought level. The oscillator is showing SELL signal Intraday Trend- Buy is advised only above 81.783 with a stop at 81.038 Below 80.898 go for sell and put stop at 81.643

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