Eur inr future hit 73.2 next target 73.8
Eur inr future today closed at 73.16 with huge gain. As expected euro bottomed out around 72.4 and hit my given target of 73.2. Euro rupee future next swing target will be 73.8 and above 72.4 remain trading strategy as buy on dips. In medium term expect this rally to extend up to 75 rupee per euro.
Gbp inr future breakout above 85.45 tgts 87 and 89
Jpy inr future bottomed out at 60 reversal target 62
Jpy inr future today closed at 61.32. Yen rupee future hit almost all my downside targets but now taken support at 60.4 and closed above it with strong reversal signal on daily chart indicators. Yen on upside will have short covering or value buying targets around 62 and then 63. On downside 60.4 is strong support and above it risky traders can keep buy and accumulate view.
Usd inr future topping out. Keep sell on rise view
Usd inr future today closed at 68.71 with gain. Rupee today opened strong but remain under pressure on CRR move by RBI.and expect sharp profit booking ahead on dollar inflows as well as RBI actions. So .