Mtechtips MCX-SX EURINR INTRADAY trading analysis 07-08-2018

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Mtechtips MCX-SX EURINR INTRADAY trading analysis 07-08-2018

Mtechtips Euro is weakening against Indian Rupee .Currently Euro is in 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 SELL signal For short term Euro is in HOLD SHORT position.Positionally Support for EURINR is 78.52-.Resistance for the EURINR is 80.16-80.43-80.51-80.67-80.72-80.74- 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 The EURINR is in downtrend For short term buy only if close above 80.017 The oscillator is showing SELL signal Intraday Trend- Buy is advised only above 80.461 with a stop at 79.431 Below 79.191 go for sell and put stop at 80.22

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