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Indian NSE Currencies pairs – Collapse Continuation?

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GBPINR FORECAST

Technical Report of USDINR Pair

We have already recommended waiting for the crossover levels.

Bullish side rally will initiate after the crossover of 67.186 level. It will over after breakout of the following target: 67.492 – 67.852 – 68.105 levels.

Solid Support: 66.818

Support breakout means downtrend up to 66.674 – 66.444 – 66.204 levels.

GBPINR FORECAST

GBPINR – Bearish Breakout

This pair price will drop in upcoming days. As per the technical analysis, it’s weakening.

Target: 88.927 – 88.361 – 88.046 level.

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EURINR is not bullish anymore!

Strong Resistance: 79.0064

Selling pressure will increase soon. It’s very close to the resistance level. It can be dropped up to 77.8244 – 77.2010 – 76.6865 levels.

But don’t sell after the breakout of the resistance level. Why? Because of technical indicators are indicating a solid uptrend after this level breakout. It can be up to 80.1007 level.

*Events : India Nikkei Services Purchasing Managers Index (PMI)

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