Mtechtips MCX-SX EURINR INTRADAY trading analysis 09-08-2018

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Mtechtips MCX-SX EURINR INTRADAY trading analysis 09-08-2018

Mtechtips Euro is weakening against Indian Rupee .Currently Euro is in strong downtrend with good momentum 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 SHORT position.Positionally Support for EURINR is 79.56-78.55-.Resistance for the EURINR is 80.39-80.5-80.57-80.6-80.71-

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 SHORT position EURINR is moving sideways with low volatality so short term investor better to buy if close above 80.175 close below 79.185 sell will happen. The oscillator is showing BUY signal  Intraday Trend-Intraday better to buy above 80.21 and Sell if below79.561

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