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.
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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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