currency report for 18 October 2016

eur inr currency report for 18 October 2016

Eur inr future closed at 73.69 with gain. As expected euro is recovering from lows and heading towards 73.9 and 74.45 targets. On the downside, euro rupee future has support at 73.5 and 73.3. Below 73.3 eurinr future become very bearish and the target will be 72.75.

gbp inr currency report for 18 October 2016

Gbp inr future today closed at 81.44 with the loss. Pound continues its downtrend and heading towards 81.1 which is last support zone on the downside. Below 81, we will see panic and sharp downside for pound rupee future. On upside 82.55 is strong resistance as well as target zone on a reversal.

jpy inr currency report for 18 October 2016

Jpy inr future closed at 64.31 with gain. The yen is bouncing back from the oversold zone. But outlook still bearish and below 64.85, yen rupee future will remain to sell on the rise and expect downside target of 63.5 in short terms. Volatility will remain here so keep tight stop loss for short or long positions.

usd inr currency report for 18 October 2016

Usd inr future today closed at 66.97 with gain. Usd inr future is trading above major support of 66.9 and entered into bullish zone means stronger dollar and a weaker rupee. But on upside usd inr has strong supply zones so keep sell on rising view and expect downside targets of 66.9 and 66.7 in short terms.

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