USDINR: On a 30 minutes chart the pair seem to be bottomed out at current levels, as Slow Stochastic is below 20 mark and along with that the price action has formed a single candlestick reversal.
Our Preference: – Buy at current 68.81
Target – 68.91
Stop loss – 68.77
GBPINR: The pair GBPINR is likely to find the short term support on a hourly chart at 50 period Exponential Moving average, which stood at 90.40 mark.
Our Preference: – Buy at current 90.40
Target – 90.63 and 90.70
Stop loss – 90.27
EURINR: EURINR found struggling between the range of moving averages on a hourly chart. Resistance of 50-period exponential is at 80.51 and support of 200 period average stood at 80.21
Our Preference: – Sell at 80.45
Target – 80.23
Stop loss – 80.56