Mtechtips MCX-SX EURINR INTRADAY trading analysis 06-08-2018

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Mtechtips MCX-SX EURINR INTRADAY trading analysis 06-08-2018

Mtechtips Euro is weakening 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 79.52-78.5-.Resistance for the EURINR is 80.45-80.52-80.68-80.75-80.78- In long term Euro is relatively strengthening against Yen- Dollar-

Short term and Intraday Level of Euro with Rupee Currently EURINR is in HOLD SHORT position EURINR is in sideways so for short term better buy above 80.875 with stop at 79.185 The oscillator is showing SELL signal Intraday Trend- Buy above 80.37 and keep stop below 79.511 Target is 80.641 next 81.092 Below 79.241 trend reversal can occur and next level is 78.792

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