Mtechtips MCX-SX EURINR INTRADAY trading analysis 04-09-2018

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Mtechtips MCX-SX EURINR INTRADAY trading analysis 04-09-2018

Mtechtips Euro is Strongly strengthening against Indian Rupee .Currently Euro is in strong uptrend but volume is unsatisfactory 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 .Positionally Support for EURINR is 81.43-80.76-80.43-80.1-79.97-79.82-78.9-. Immediate resistance for EURINR is 83.58

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 In short term EURINR is in strong up trend so hold with stop at 82.809 The EURINR is now trading in highly overbought level. The EURINR is now trading in highly overbought level. The oscillator is showing SELL signal Intraday Trend- Buy only if open above 83.246 with a stop at 82.545 Sell below 82.365 or sell if open below 82.545

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