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Currency: Sell USDINR and EURINR

Way2wealth | 09 Jan, 2018  | Follow Author | Add to my Favourites 
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USDINR


On  Monday,  USDINR  pair  opened  at  63.44  and  slipped slightly lower till 63.38 in the initial hours and later on  it recouped sharply from the lows and ended at 63.63. The  pair  currently  moving  towards  the  break  down resistance  of  63.74  and  these  pull  backs  can  be utilized  for  initiating  short  positions  for  downside targets of 63.50 then 63.25.


EURINR


EURINR  pair  has  slipped  below  the  trend  line resistance and it has been  continuously  falling to hold  above  the  trend  line.  Ahead,  the  pair  likely  to  come  down  till  the  immediate  trend  line  support  of  75.90 then  75.65.  Therefore,  we  recommend  selling  around 76.45 above mentioned levels.


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Disclaimer: The author has taken due care and caution to compile and analyse the data. The opinions expressed above are only the views of the author, and not a recommendation to buy or sell. Neither the author nor IndiaNotes.com accept any liability whatsoever arising from the use of any of the above contents.




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