Had Seen 1.04 Rupee of bloodbath in U.S Dollar vs. Indian Rupee (USDINR) in today’s trading session, open at 62.67 and made low of 61.56 and finally closed at 61.63. We must able to see bounce bank to 62.00 – 62.50 in next trading sessions only if hold the support of 61.59 otherwise it moves continue to 61.33 – 61.14 – 60.94 in nearby trading sessions.
Coming back to take support at 83.70, we must see bull in nearby trading days to 84.50 – 85.00 and 86.00. What if too weak for hold support? Login to moneymunch for full views on EURINR & GBPINR (For Premium Members only)
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Mr.Dev, has been in the forex and commodity markets since 1997. He’s one of the few non-biased investment advisors to have correctly called the current bull / bear market before it began and to have positioned his clients accordingly. As a result of his accurate forecasts on Indian commodity markets & currency, he is becoming increasingly more renowned. Mr.Dev has been quoted in many of the newspapers. He is a highly recommended technical analyst by many of the local financial newsletters and advisory services. He also is founder of commodity profit sharing service on Moneymunch.