USDINR futures opened slightly lower with gap in the last session and prices corrected sharply for the whole session till low of 64.56. Prices have broken down from its strong support of 61.8% Fibonacci retracement of its rally from low of 63.74 till high of 65.12, which is placed at 64.65 level. Prices are expected to correct further from these levels towards immediate support placed around its previous multiple swing highs near 64.40 level.
Click here to read the full report
EURINR futures opened strongly higher with gap in the last session and prices rose further till high of 76.80 in the opening session. Later prices corrected for the remaining session till low of 76.48. Prices have taken support at 61.8% Fibonacci retracement of its rally from low of 75.21 till high of 77.47, which is placed at 76.08 level and bounced strongly in the previous session. Prices are expected to rise from these levels towards immediate resistance placed at 76.95 level.
Way2Wealth today has established itself as one of India’s ‘Premier Investments Consultancy Firms’, known for making investing simpler, more understandable and profitable for the investors. They offer a wide range of products & services viz: Equity, Derivatives, Currency Futures, Commodities Trading, IPO's, Mutual Funds, Portfolio Management Services & Depository Services.
For more information please write in to firstname.lastname@example.org
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.