EUR INR weekly report for 13 to 17 june 2016

EUR INR weekly report for 13 to 17 june 2016 Eur rupee future this week closed with gain. After last 4 weeks continues sell off euro sees some short covering as well as value buying.   Though eur inr future weekly chart price trend still bearish and below 76 expect more downside than upside. For next week, eur inr future support zones as well as targets are 75.7 and 75.1. While on upside 76 and 76.5 are fresh short entry zones with stoploss.   In panic situation expect sharp selloff and panic levels for euro up to 74.7 to 73.75. Currency traders hold short with stoploss for targets 75.7 and 75.1 in next week.

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Pramod Baviskar

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