Mtechtips MCX-SX EURINR INTRADAY trading analysis 06-09-2018

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Mtechtips MCX-SX EURINR INTRADAY trading analysis 06-09-2018

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 . 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 The current position is BUY .Positionally Support for EURINR is 82.07-81.26-80.66-80.28-80.04-79.89-78.98-. Immediate resistance for EURINR is 84.28 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 SHORT position EURINR is in sideways and sellers was at high so for short term better buy above 84.218 or hold with stop at 82.395 The next resistance will be at 83.945 The EURINR is now trading is approaching overbought level. The EURINR is now trading is approaching overbought level. The oscillator is on SELL signal and EURINR is coming down from overbought level Intraday Trend- Buy is advised only above 84.218 with a stop at 82.974 Below 82.664 go for sell and put stop at 83.907

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