Mtechtips MCX-SX EURINR INTRADAY trading analysis 30-08-2018

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Mtechtips MCX-SX EURINR INTRADAY trading analysis 30-08-2018

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 . In last few days lot of positive accumulation happened in the Euro. 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 The current position is BUY and closed above 1 month high with volume signals up breakout.Positionally Support for EURINR is 80.49-80.14-79.89-79.72-78.79-. Immediate resistance for EURINR is 83.08 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 81.813 The EURINR is now trading in highly overbought level. The EURINR is now trading in highly overbought level. The oscillator is showing BUY signal  Intraday Trend- Buy is advised above 83.146 with a stop at 82.265 Below 82.086 go for sell with a stop at 82.966

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