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

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

Mtechtips Euro is weakening against Indian Rupee .Currently Euro is in strong downtrend and the trend is supported with good volume The open interest is not increasing with trend .. 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 79.53-78.53-.Resistance for the EURINR is 80.41-80.5-80.63-80.66-80.73- 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 showing some Up momentum So buy above 79.938 with stop at 79.185 The oscillator is showing BUY signal  Intraday Trend- Buy is advised only above 80.15 with a stop at 79.74 Below 79.71 go for sell and put stop at 80.12

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