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Buy EURINR: Prices are expected to rise further - IndiaNotes.com
Buy EURINR: Prices are expected to rise further
Way2wealth | Published: 29 Jan, 2018  | Source : IndiaNotes.com

USDINR: USDINR futures opened lower with gap in the last session and prices recovered slightly till high of 63.65 for most of the session. Prices have been falling since last seven sessions after taking strong resistance at its short term rising trend line breakdown level. Prices are expected to continue this fall towards next support placed around 63.20 level. On the higher side immediate resistances are placed around 63.70 and 64.05 levels. Action: Sell.

 

EURINR: EURINR futures opened strongly higher with gap in the last session and prices consolidated for the whole session in the range of 78.85-79.10 levels. Prices have been rallying strongly since last three weeks after breaking out from its short term declining trend line resistance and made a fresh 3 years high of 79.12. Prices are expected to rise further from these levels towards immediate resistance placed around 79.40 level. Action: Buy.


GBPINR:
GBPINR futures opened strongly higher with gap in the last session and prices rose further for first half of the session till high of 90.94. Prices have rallied strongly in the previous two weeks after breaking out from its short term declining trend line resistance and made a fresh 18 months high of 90.94. Prices are expected to rise further from these levels towards next resistance placed around its previous swing low of 91.14 level. Action: Buy.


JPYINR: JPYINR futures opened slightly higher in the last session and prices rose further for most of the session till high of 58.39. Prices have been rallying strongly since last few sessions after retesting its break out level of short term falling trend channel pattern. Prices are expected to rise further from these levels towards next strong resistance placed around its previous swing high of 58.78 level. Action: Buy.

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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.