forex premarket : strong dollar index may put pressure

free nse currency tips for tomorrow 8 jul 2015

NSE usd inr future closed at 63.71 with gain. Here strong dollar index putting pressure and might cause reversal in trend. For tomorrow keep long view for us dollar with stop loss below 63.5 for target up to 64.
Euro rupee future closed at 69.85 with loss of 40 paisa. Here expect gap down opening as euro resumed long term downtrend and heading towards low. Stay short with stop loss for target 68 rupee. euro zone crisis keep euro to its lower levels.
Pound rupee future closed at 98.45 with loss of 66 paisa. In intraday gbp hit high around 99.28 while low was at 98.36. Almost 1 rupee intraday range and closed with loss. Here stay short with stop loss for target 97.8.
Yen rupee future closed at 52.07 with gain of 18 paisa. In intraday yen hit high around 52.09 while low was at 51.81. Total almost 30 paisa intraday range and closed with gain. On chart 52.2 is strong resistance and below it keep sell on rise view for target 51.45 and below.

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Updated: 07/07/2015 — 7:46 PM

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Pramod Baviskar

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