Mtechtips MCX-SX EURINR INTRADAY trading analysis 20-04-2018

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Mtechtips MCX-SX EURINR INTRADAY trading analysis 20-04-2018

Mtechtips Euro is Strongly strengthening against Indian Rupee .Currently Euro is in strong uptrend and the trend is supported with good volume 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 80.42-80.35-80.18-79.93-79.05-78.28-76.88-. Immediate resistance for EURINR is 81.87

In medium term Euro is relatively strengthening against 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 The EURINR is in slight up trend. Hold long with tight stop at 81.284 If trades and sustain above 81.495 it is again buying signal The EURINR is now trading in highly overbought level. The EURINR is now trading in highly overbought level. The oscillator is showing BUY signal  Intraday Trend-The EURINR closed in a confusion manner So buy for intraday only above 81.733 with a stop at 81.297 If opens below 81.297 or trade below 81.257 be cautious or go for sell with stop at 81.693

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