Mtechtips MCX-SX EURINR INTRADAY trading analysis 11-09-2018

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Mtechtips MCX-SX EURINR INTRADAY trading analysis 11-09-2018

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 82.86-82.06-81.05-80.57-80.13-80.04-79.1-. Immediate resistance for EURINR is 84.41

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 is again back in uptrend so hold with stop at 83.632 The EURINR is now trading is approaching overbought level. The EURINR is now trading is approaching overbought level. The oscillator is showing BUY signal  Intraday Trend- Buy above 84.368 and keep stop below 83.742 Target is 84.509 next 84.749 Below 83.602 trend reversal can occur and next level is 83.363

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