Mtechtips MCX-SX EURINR INTRADAY trading analysis 28-08-2018

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Mtechtips MCX-SX EURINR INTRADAY trading analysis 28-08-2018

Mtechtips Euro is Strongly strengthening against Indian Rupee .Currently Euro is in strong uptrend with good momentum 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 BUY signal For short term Euro is in HOLD LONG position and closed above 1 month high with volume signals up breakout.Positionally Support for EURINR is 79.95-79.94-79.86-79.84-79.78-79.66-78.73-. Immediate resistance for EURINR is 81.73 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 EURINR closed above 1 week high with volume signals up breakoutCurrently EURINR is in HOLD LONG position In short term EURINR is in strong up trend so hold with stop at 81.005 The EURINR is now trading is approaching oversold level. The EURINR is now trading is approaching oversold level. The oscillator is showing BUY signal  Intraday Trend- Buy is advised above 81.783 with a stop at 81.127 Below 81.018 go for sell with a stop at 81.673

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