Mtechtips MCX-SX EURINR INTRADAY trading analysis 10-08-2018

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Mtechtips MCX-SX EURINR INTRADAY trading analysis 10-08-2018

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 . In last few days volume based selling happened in the Euro 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 78.56-.Resistance for the EURINR is 80.22-80.37-80.49-80.51-80.6-80.69- 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 In short term EURINR is in strong up trend so hold with stop at 79.867 The oscillator is showing BUY signal  Intraday Trend- Buy is advised above 80.08 with a stop at 79.69 Below 79.66 go for sell with a stop at 80.05

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