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USDINR: Prices are expected to recover further - IndiaNotes.com
USDINR: Prices are expected to recover further
Way2wealth | Published: 21 Nov, 2017  | Source : IndiaNotes.com

USDINR  futures  opened  slightly  lower  in  the  last  session  and  prices  recovered  for  first  half  of  the  session  till  high  of  65.19.  Later  prices  consolidated  in  a  narrow  range  and  closed  positive.  Prices  have  recovered  after  taking  strong  support  at  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  recover  further  from  these  towards immediate resistance placed at 65.40 level.

 

EURINR  futures  opened  sharply  lower  with  gap  in  the  last  session  and  prices  recovered  strongly  for  the  whole  session  till  high  of  76.83.

 

GBPINR  futures  opened  slightly  lower  in  the  last  session  and  prices  rose  strongly  for  the  whole  session  till  high  of  86.45.

 

JPYINR  futures opened  strongly higher with gap  in the  last session and prices rose further for first half of the  session  till  high  of  58.18.

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