Jun 18 2018

Trade Idea for the day

USDINR :- Opened higher at 68.16 and fell to make a low of 67.95, currently below 14 day SMA on hourly charts. Momentum indicators like RSI at 54 and MACD above zero line giving buy signals.

Our Preference:-  Sell above 68.05

Target – 67.90-67.95

Stop loss – 68.13

EURINR: – Pair down from the opening level of around 79 , currently trading below 21 day SMA on hourly charts. Technical indicators like RSI around 44 levels and MACD below zero line giving buy signals.

Our Preference: – Buy Below 78.75

Target – 78.95-79.00

Stop loss – 78.63