Mtechtips MCX-SX EURINR INTRADAY trading analysis 17-05-2019 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 78.44-78.38-78.3-78.24-.Resistance for the EURINR is 79.88-80.21-81.46- 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 The EURINR is in slight up trend. Hold long with tight stop at 79.234 If trades and sustain above 79.4475 it is again buying signal 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-The EURINR closed in a confusion manner So buy for intraday only above 79.859 with a stop at 79.171 If opens below 79.171 or trade below 79.042 be cautious or go for sell with stop at 79.729 WWW.MTECHTIPS.COM 07489294118-119
Published on May 17 2019 10:49AM, by MTECHTIPS in Currency| Share This