Mtechtips MCX-SX EURINR INTRADAY trading analysis 19-03-2019 Mtechtips Euro is weakening against Indian Rupee .Currently Euro is in strong downtrend but volume is unsatisfactory The open interest is not increasing with trend . In last few days volume based selling happened in the Euro. The EURINR is now trading in oversold level. The EURINR is now trading in oversold level. The oscillator is showing SELL signal For short term Euro is in SELL position and closed below 1 month low with volume signals down breakout.Positionally Immediate support for EURINR is 77.69.Resistance for the EURINR is 79.35-80-80.46-80.99-81-81.66-81.67- In medium term Euro is relatively strengthening against Dollar- Pound- In long term Euro is relatively strengthening against Yen- Dollar- Pound- Short term and Intraday Level of Euro with Rupee EURINR and closed below 1 week low with volume signals down breakoutCurrently EURINR is in HOLD SHORT position EURINR is moving sideways so short term investor better to buy only above 79.05 or hold with stop at 78.0 The EURINR is now trading in highly oversold level. The EURINR is now trading in highly oversold level. The oscillator is showing SELL signal Intraday Trend- Buy is advised above 78.427 with a stop at 77.714 Below 77.575 go for sell WWW.MTECHTIPS.COM 07489294118-119
Published on Mar 19 2019 10:44AM, by MTECHTIPS in Currency| Share This