euro pound looks weak yen might test 62-64 levels

nse currency futures technical analysis 25 feb 2016

nse currency futures technical analysis 25 feb 2016

Usd inr future showing consolidation on RBI intervention but overall outlook still bullish for the dollar. On downside 68.5 and 68.2 are moving support while on upside 69 is first target zone for the rupee. Traders can follow buy at support with stop loss strategy for tgt 69.   Today euro gave a breakdown and below 75.55 remain sell for the tgt 75-74.5 zone. The pound is at a record low against the dollar and here against rupee hit fresh short-term low despite weak rupee. On downside 94.5 is major support and target for tomorrow with stop loss 96.   Yen rupee future still strong bullish as the yen continues to rally on safe heaven demand. Here 62 to 64 levels are possible ahead. On downside 60.65 is support as well as a stop loss for long traders.

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