Mtechtips MCX-SX EURINR INTRADAY trading analysis 26-07-2018

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Mtechtips MCX-SX EURINR INTRADAY trading analysis 26-07-2018

Mtechtips Euro is strengthening against Indian Rupee in long- medium- short-medium- term .Currently Euro is in downtrend and the trend is supported with good volume The open interest is not increasing with trend . Noting point is selling at lower levels seems decreasing. The EURINR is now trading in oversold level. The EURINR is now trading in oversold level. The oscillator is showing SELL signal For short term Euro is in HOLD LONG position.Positionally Support for EURINR is 79.98-79.87-79.84-79.83-79.5-78.41-.Resistance for the EURINR is 80.81- In medium term Euro is relatively strengthening against Dollar- In long term Euro is relatively strengthening against Yen- Dollar- Short term and Intraday Level of Euro with Rupee Currently EURINR is in HOLD LONG position EURINR is in profit booking mode so either sell of or keep stop at80.413 so better sell and enter at lower level 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 80.881 with a stop at 80.159 Below 80.02 go for sell

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