TECHNICAL Impact
USD INR (JAN– Expiry)
US dollar is looking weak on charts hence selling is recommended in USD.
Sell around 53.9500 with a SL 54.1000 possible targets of 53.7500/53.6000/53.4500.
EUR INR (JAN – Expiry)
Euro might fall further as technically looking weak.
Sell below 71.3825 with a SL 71.4800 possible targets of 71.2000/71.1025/71.0100.
OR
Buy above 71.4800 with a SL 71.3825 possible targets of 71.6325/71.7500/72.8825.
Currency Headlines
Dollar falls before U.S consumer confidence figures.
Dollar has started falling against other markets peers before U.S consumer confidence figures which has increased the bearish bets on USD. Speculations have increased that the consumer confidence figures might disappoint the U.S investors. The dollar was little changed at $1.3458 per euro from $1.3456 in New York. It reached $1.3479 per euro on Jan. 25, the weakest level since Feb. 29, 2012. The dollar rose 0.1 percent to 90.90 yen. Japan’s currency fell 0.1 percent to 122.35 per euro. The MSCI Asia Pacific Index of stocks rose 0.7 percent, the most since Jan. 18.
USD INR (JAN– Expiry)
US dollar is looking weak on charts hence selling is recommended in USD.
Sell around 53.9500 with a SL 54.1000 possible targets of 53.7500/53.6000/53.4500.
EUR INR (JAN – Expiry)
Euro might fall further as technically looking weak.
Sell below 71.3825 with a SL 71.4800 possible targets of 71.2000/71.1025/71.0100.
OR
Buy above 71.4800 with a SL 71.3825 possible targets of 71.6325/71.7500/72.8825.
Currency Headlines
Dollar falls before U.S consumer confidence figures.
Dollar has started falling against other markets peers before U.S consumer confidence figures which has increased the bearish bets on USD. Speculations have increased that the consumer confidence figures might disappoint the U.S investors. The dollar was little changed at $1.3458 per euro from $1.3456 in New York. It reached $1.3479 per euro on Jan. 25, the weakest level since Feb. 29, 2012. The dollar rose 0.1 percent to 90.90 yen. Japan’s currency fell 0.1 percent to 122.35 per euro. The MSCI Asia Pacific Index of stocks rose 0.7 percent, the most since Jan. 18.
nice call ( thank u sir )
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