Mtechtips MCX-SX EURINR INTRADAY trading analysis 05-12-2018

Mtechtips MCX-SX EURINR INTRADAY trading analysis 05-12-2018

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 Support for EURINR is 80.17-.Resistance for the EURINR is 81.26-81.54-82.36-82.69-83.35-83.92- In medium term Euro is relatively strengthening against Yen- Dollar- In long term Euro is relatively strengthening against Dollar- Pound- Short term and Intraday Level of Euro with Rupee Currently EURINR is in HOLD LONG position EURINR is in sideways so for short term better buy above 81.232 or hold with stop at 79.725 The next resistance will be at 80.8875 The oscillator is showing BUY signal  Intraday Trend- Buy above 81.232 and keep stop below 80.549 Target is 81.413 next 81.713 Below 80.369 trend reversal can occur and next level is 80.07

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