Mtechtips MCX-SX EURINR INTRADAY trading analysis 04-12-2018

Mtechtips MCX-SX EURINR INTRADAY trading analysis 04-12-2018

Mtechtips  Euro is weakening against Indian Rupee .Currently Euro is in strong downtrend with good momentum 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 80.89-81.37-81.53-82.46-82.69-83.33-83.99- 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 JPYINR is moving down Currently EURINR is in HOLD SHORT position EURINR is moving sideways with low volatality so short term investor better to buy if close above 81.0025 close below 78.88 sell will happen. The oscillator is showing BUY signal  Intraday Trend-Intraday better to buy above 80.751 and Sell if below79.72

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