Mtechtips MCX-SX EURINR INTRADAY trading analysis 16-05-2019 Mtechtips Euro is weakening 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 . 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 Euro is in HOLD LONG position.Positionally Support for EURINR is 78.47-78.27-78.24-78.18-.Resistance for the EURINR is 79.91-80.24-81.47- In medium term Euro is relatively strengthening against Yen- Dollar- In long term Euro is relatively strengthening against Yen- Dollar- Pound- 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 79.102 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 is advised above 79.358 with a stop at 78.722 Below 78.622 go for sell with a stop at 79.258 WWW.MTECHTIPS.COM 07489294118-119
Published on May 16 2019 10:42AM, by MTECHTIPS in Currency| Share This