Oct 26 2018

Trade idea for the day

USDINR: The support region of downward sloping trend channel worked well in hourly chart of USDINR. Presently the pair is trying to test the resistance zone which is at around 73.60-65 region. RSI is above 50 mark.

Our Preference: – Buy at 73.40

Target – 73.60-65

Stop loss – 73.30

EURINR: A bullish divergence is seen on the hourly chart of EURINR and from the bottom pair has already started moving upward. Momentum indicator RSI is above 5 mark.

Our Preference: – Buy at 83.41

Target – 83.72

Stop loss –83.25