In medium term Euro
is relatively strengthening against Yen- Dollar- Pound-
Trend updated
for-Apr/03/2013.CMP-70.125 The 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 USDINR is now trading in
oversold level. The oscillator is showing BUY signal For short term
Euro is in SELL position.Positionally Immediate support for
EURINR is 69.53.Resistance for the EURINR is
70.66-70.74-70.84-71.23-71.84-71.91-72.12-
Currently EURINR is in HOLD SHORT position
EURINR is moving sideways so short term investor better to buy only
above 71.0 or hold with stop at 69.81 The oscillator is showing SELL
signal
Intraday Trend- Buy is advised above 70.92 with a stop at 69.659 Below 69.333 go for sell
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