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Just keep your eyes on the opening bell. If it opens downside, then we will see 61 – 60.8 today.
More information I’ll update due to market hours.
We don’t want to add mixed opinions and confusion.
Targets: 75.65
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Euro is looking strong against the dollar, but it’s a trap for speculators’.
Solid support: 1.11764 Hurdle: 1.11668
If we see the hurdle on this week then you’ll look up extremely selling pressure on EURUSD pair, but I’ve just a message for traders, “this week ride will show you 1.11274-1.11142-1.11065” but remember that if break the solid support then EURUSD will touch 1.11908-1.12078.
USDCHF will move up until that break 0.97115 level. On next week we’ll see 0.97321 – 0.97387 – 0.97487+. Don’t forget if it moves down to 0.97115 level then it can drop up to 0.97015.
If you see the euro against Indian rupees then it’s still strong and if we see close below 73.9373 then it’ll go down non-stop and hit 73.6522-73.3233-72.8189 below…
EURINR pair trend will be change if it crosses and close above 74.3101 level and once it stays above that level for 1 consecutive day then we might see 74.5843-74.8474-75+
This week Bitcoin trend will remain upward and hit 242.36-249.13 and whenever it closes below to 222.61 then downtrend will be being..
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Day trader for hurdle: 1.12527 and Solid resistance: 1.13528
If once it moves down to hurdle then we will see 1.12404-1.12242 and if that crossover and close above to resistance then it’ll show us unpredictable up moves.
Lock
Now it’s time to remind last newsletter.
Do you remember 27 Aug newsletter? If you don’t remember, then click here and read that again.
I had boldly written, “If EURINR stay below the hurdle (75.5428) then we’ll see 75.74.5”
And at the same day it touched both targets!
3 days back euro was opened extremely up, and now it’s weakening.
Hurdle: 75.5428
If EURINR pair close or crossover 76.1 levels then it’ll show us 76.5-77+ and if that stay below to my hurdle then we’ll see 75-74.5 level.
Yesterday, GBPINR pair had dropped very badly and closed in -1.005 losses. It’s just beginning here. We’ll see 102.7016 levels soon. Hurdle is 103.3021.
Above of hurdle, it may ride up to 103.6298 but not move rather than this level because once it crosses over that then it’ll come into uptrend.
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Again on its resistance of 86.02, but this currency pair is looking weak to break resistance and we must see bloodbath to 85.00 – 84.00 and 83.28. Remember once cross and stays above it with high volume can make it bounce to 87.00 – 88.00 and 89.00 as well.
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 be 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 to hold support?Continue reading