Eur inr future monthly-remain buy above 71.9 for targets 73.8 and 75 rupee

Euro rupee future monthly outlook June 2017

Euro rupee future in month of May closed at 72.68 with huge
gains. This was straight second gaining month for euro against rupee. In May eurinr
future hit low at 70 and closed near month high of 73. Almost 3+ rupee gain in
May 2017. 
In last 2 months euro future rallied from low of 68 to high of 73 so
almost 5 rupee or 7.35% appreciation in last 2 months for euro vs. rupee.
For month of June 2017, eur inr future outlook remain
bullish above 71.9 support zone on daily closing basis. On upside my bullish
swing targets zones are 73.8 and then 75 rupee. Below 71.9, expect deep
correction and consolidation up to 70.8 to 69 rupee levels.
Currency traders keep buy on dips trading strategy for euro
future in June above 71.9 and book profits around 73.8 and then 75 rupees.
Below 71.9, eur inr pair might turn bearish and strategy become sell on rise.

From long term view, euro rupee future hit 2017 bearish
target of 68.7 and now taken support at that level and was bouncing back
towards 73.3 resistance zone and might touch that level in June 2017.

The Author

Pramod Baviskar

Professional Market Trader And Owner Of Dalal Street Winners Advisory And Coaching Services. Working Since 2007 And Online Presence Since 2010. We Provide Highly Accurate And Professional 1 Entry And 1 Exit Future, Option, Commodity, Currency And Intraday Stock Tips On Whatsapp With Live Support And Follow Up.
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