Wednesday, 10 April 2013

Indian currency news

EURO TREND WITH RUPEE & INTRADAY LEVELS

Trend updated for-Apr/11/2013.CMP-71.5475 The Euro is weakening against Indian Rupee .Currently Euro is in strong uptrend with good momentum and the trend is supported with good volume The open interest is not increasing with trend . Cautious point is buying at higer 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 LONG position.Positionally Support for EURINR is 71.21-70.56-70.46-70.33-70.21-.Resistance for the EURINR is 71.91-72.09-
In medium term Euro is relatively strengthening against Dollar- Pound-


Currently EURINR is in HOLD LONG position In short term EURINR is in strong up trend so hold with stop at 71.204 The EURINR is now trading in highly overbought level. The EURINR is now trading in highly overbought level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 71.828 with a stop at 71.336 Below 71.268 go for sell with a stop at 71.759

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