Mtechtips MCX-SX EURINR INTRADAY trading analysis 25-04-2018

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Mtechtips MCX-SX EURINR INTRADAY trading analysis 25-04-2018

Mtechtips Euro is strengthening against Indian Rupee in long- medium- short-medium- short- term .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 80.45-80.29-80-79.23-78.43-77.02-.Resistance for the EURINR is 81.44- 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 The EURINR is not giving any clear signal So buy only if close above81.5225 and sell below 80.9625 The oscillator is showing SELL signal Intraday Trend-The EURINR closed in a confusion manner So buy for intraday only above 81.453 with a stop at 80.838 If opens below 80.838 or trade below 80.738 be cautious or go for sell with stop at 81.352

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