Thursday, 12 December 2019

Mtechtips MCX-SX EURINR INTRADAY trading analysis 13-12-2019


Mtechtips MCX-SX EURINR INTRADAY trading analysis 13-12-2019


Mtechtips -   Euro is strengthening against Indian Rupee in long- medium- term .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 .. The EURINR is now trading in oversold level. The EURINR is now trading in oversold level. The oscillator is on SELL signal and EURINR is coming down from overbought level For short term Euro is in HOLD SHORT position.Positionally Support for EURINR is 78.59-78.56-78.43-.Resistance for the EURINR is 79.43-79.49-79.53-79.55-
In medium term Euro is relatively strengthening against Pound- In long term Euro is relatively strengthening against Yen- 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 in highly oversold level. The oscillator is showing BUY signal
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