Mtechtips MCX-SX EURINR INTRADAY trading analysis 19-04-2018

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Mtechtips MCX-SX EURINR INTRADAY trading analysis 19-04-2018

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 80.28-80.27-80.13-79.89-78.98-78.24-76.84-. 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 Last few days JPYINR is moving down Currently EURINR is in HOLD LONG position EURINR is moving sideways so short term investor better to buy only above 81.5475 with stop at 80.4525 The EURINR is now trading is approaching overbought level. The EURINR is now trading is approaching overbought level. The oscillator is showing BUY signal  Intraday Trend- Buy is advised above 81.653 with a stop at 81.127 Below 81.058 go for sell

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