Mtechtips MCX-SX EURINR INTRADAY trading analysis 24-04-2018

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Mtechtips MCX-SX EURINR INTRADAY trading analysis 24-04-2018

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 80.71-80.39-80.26-79.98-79.17-78.38-76.98-. 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 EURINR is moving sideways with low volatality so short term investor better to buy if close above 81.5475 close below 81.1675 Sell will happen. The EURINR is now trading is approaching overbought level. The EURINR is now trading is approaching overbought level. The oscillator is on SELL signal and EURINR is coming down from overbought level Intraday Trend-Intraday better to buy above 81.553 and Sell if below81.078

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