Mtechtips MCX-SX EURINR INTRADAY trading analysis 29-11-2018

Mtechtips MCX-SX EURINR INTRADAY trading analysis 29-11-2018

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 . 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 BUY signal For short term Euro is in HOLD SHORT position.Positionally Immediate support for EURINR is 78.56.Resistance for the EURINR is 81.42-81.51-82.08-82.68-82.99-83.34-84.24-

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 Currently EURINR is in HOLD SHORT position The EURINR is in downtrend For short term buy only if close above 80.648 The EURINR is now trading is approaching oversold level. The USDINR is now trading is approaching oversold level. The oscillator is on BUY Signal and USDINR is recovering from oversold level Intraday Trend- Buy is advised above 81.533 with a stop at 79.441 Below 78.852 go for sell

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