USDINR: Pair is likely to take resistance around its previous day low, as today there is a gap down open at 68.70 against the previous day low of 68.82, we feel that it can cover the Gap today itself.
Our Preference: – Buy at 68.68
Target – 68.82
Stop loss – 68.63
EURINR:- Pair is presently trading at its day low, though the overall strength is also seems to be on weaker side for the day. EURINR is trading below its 14-hour SMA with a bearish crossover of MACD and Signal line.
Our Preference:- Sell at 80.60
JPYINR:-The pair is struggling with a technical hurdle for moving further higher, a down ward sloping trend-line resistance and 14-Day RSI turned back after getting in to overbought zone.
Our Preference:-Sell at 0.6193
Target:-0.6181 and 0.6172