Mtechtips MCX-SX EURINR INTRADAY trading analysis 21-05-2019
Mtechtips MCX-SX EURINR INTRADAY trading analysis 21-05-2019
Mtechtips Euro is weakening against Indian Rupee .Currently Euro is moving sideways The EURINR is now trading in oversold level. The EURINR is now trading in oversold level. The oscillator is showing BUY signal and has moved down its previous low with good volume points to a negative break out . 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 LONG position and EURINR closed below 1 week low with volume signals down breakout.Positionally Immediate support for EURINR is 77.4.Resistance for the EURINR is 78.85-78.91-78.97-79.08-79.8-80.14-81.44- In medium term Euro is relatively strengthening against Yen- Dollar- In long term Euro is relatively strengthening against Yen- Dollar- Pound- Short term and Intraday Level of Euro with Rupee EURINR and closed below 1 week low with volume signals down breakoutCurrently EURINR is in HOLD SHORT position The EURINR is in downtrend For short term buy only if close above 78.66 The oscillator is showing SELL signal Intraday Trend- Buy is advised only above 78.487 with a stop at 77.495 Below 77.275 go for sell and put stop at 78.266
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