USDINR: The pair seems trading close to the resistance on its hourly chart. A short term trend-line resistance is coming at around 72.35. Momentum indicator RSI(14) is also hovering in its overbought region.
Our Preference: – Sell at 72.32-35
Target – 72.04
Stop loss – 72.45
EURINR: A trend-line resistance is seen at around 83.60 mark, Momentum indicator Relative Strength Index 14 period is close to its overbought territory.
Our Preference: – Sell at 83.55-60
Target – 83.25
Stop loss – 83.70