TECHNICAL Impact
USD INR (DEC– Expiry)
US dollar is looking strong on charts hence buying is recommended in USD.
Buy around 54.6700 with a SL 54.5500 possible targets of 54.9000/55.1000/55.2000.
EUR INR (DEC – Expiry)
Euro might fall further as technically looking weak.
Sell below 71.2800 with a SL 71.3800 possible targets of 71.1675/71.0600/70.9425.
OR
Buy above 71.3800 with a SL 71.2800 possible targets of 71.5000/71.6075/71.7000.
Currency Headlines
Euro falls against major peers on Economic slowdown.
Euro falls from seven week high levels as the European Union economies have shown the sign of weakness which has increased the resistance on their currency. European Union economic indicators have indicating inherent weakness in their economy. The shared currency slid 0.1 percent to $1.3053 from yesterday, when it touched $1.3127, the highest since Oct. 18. The euro was little changed at 107.74 yen after earlier dropping as much as 0.3 percent. The yen lost 0.1 percent to 82.55 per dollar, after weakening 0.7 percent to 82.47 yesterday. New Zealand’s dollar rose 0.1 percent to 82.92 U.S. cents, extending a 1 percent, three-day gain. The so-called kiwi climbed 0.2 percent to 68.46 yen, after touching 68.52, the strongest since March 27.
USD INR (DEC– Expiry)
US dollar is looking strong on charts hence buying is recommended in USD.
Buy around 54.6700 with a SL 54.5500 possible targets of 54.9000/55.1000/55.2000.
EUR INR (DEC – Expiry)
Euro might fall further as technically looking weak.
Sell below 71.2800 with a SL 71.3800 possible targets of 71.1675/71.0600/70.9425.
OR
Buy above 71.3800 with a SL 71.2800 possible targets of 71.5000/71.6075/71.7000.
Currency Headlines
Euro falls against major peers on Economic slowdown.
Euro falls from seven week high levels as the European Union economies have shown the sign of weakness which has increased the resistance on their currency. European Union economic indicators have indicating inherent weakness in their economy. The shared currency slid 0.1 percent to $1.3053 from yesterday, when it touched $1.3127, the highest since Oct. 18. The euro was little changed at 107.74 yen after earlier dropping as much as 0.3 percent. The yen lost 0.1 percent to 82.55 per dollar, after weakening 0.7 percent to 82.47 yesterday. New Zealand’s dollar rose 0.1 percent to 82.92 U.S. cents, extending a 1 percent, three-day gain. The so-called kiwi climbed 0.2 percent to 68.46 yen, after touching 68.52, the strongest since March 27.
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