Mtechtips MCX-SX EURINR INTRADAY trading analysis 20-08-2018

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Mtechtips MCX-SX EURINR INTRADAY trading analysis 20-08-2018

Mtechtips Euro is strengthening against Indian Rupee in long- medium- short- term .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. 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 SELL position.Positionally Support for EURINR is 79.83-79.76-79.64-79.53-78.62-.Resistance for the EURINR is 80.51- In medium term Euro is relatively strengthening against Yen- 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 LONG position EURINR has crossed the high but the trend was not strong and sellers was at high so for short term better buy above 80.501 with stop at 79.2 The oscillator is showing BUY signal  Intraday Trend- Buy is advised only above 80.501 with a stop at 79.92 Below 79.83 go for sell and put stop at 80.411

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