Mtechtips MCX-SX EURINR INTRADAY trading analysis 15-11-2018
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. 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 and closed below 1 month low with volume signals down breakout.Positionally Support for EURINR is 80.74-.Resistance for the EURINR is 82.54-83.3-83.48-83.7-84.49-84.61- In medium term Euro is relatively strengthening against Yen- Dollar- Pound- In long term Euro is relatively strengthening against Dollar- Pound- Short term and Intraday Level of Euro with Rupee Last few days EURINR is moving down The EURINR is not giving any clear signal So buy only if close above and sell below The USDINR is now trading is approaching oversold level. The oscillator is showing BUY signal
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Published on
Nov 15 2018 10:53AM, by
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