Mtechtips MCX-SX EURINR INTRADAY trading analysis 8-07-2019 Mtechtips - Euro is weakening against Indian Rupee .Currently Euro is in strong downtrend with good momentum and the trend is supported with good volume The open interest is not increasing with trend . In last few days volume based selling happened in the Euro Noting point is selling at lower levels seems decreasing. 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 HOLD SHORT position.Positionally Immediate support for EURINR is 77.79.Resistance for the EURINR is 78.73-78.78-78.85-78.98-78.99-79.5-81.2- In medium term Euro is relatively strengthening against Yen- 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 The EURINR was in downtrend but yesterday market closed in confusion so book short if any or hold with tight stop at 78.196 If trades and sustain above 78.1 it is a covering signal The EURINR is now trading in highly oversold level. The EURINR is now trading in highly oversold level. The oscillator is showing SELL signal WWW.MTECHTIPS.COM 07489294118-119
Published on Jul 8 2019 10:35AM, by MTECHTIPS in Currency| Share This