Feb 25 2019

Trade idea for the day

USDINR:-On the hourly chart,the pair looks to get oversold near 70.90 mark. RSI (14 period) is at 36 mark now, while the previous low is at 70.90 – which is likely to act as an immediate support.

Our Preference:- Buy at 70.90-92

Target- 71.15

Stop loss- 70.80

EURUSD:-The pair reversed back from its short term trend-line resistance zone, which is at 1.1350-60. MACD (5,35,5) is about to give a bearish signal, a crossover between MACD and Signal line is likely to happen

Our Preference:- Sell at 1.1345

Target- 1.1315

Stop loss- 1.1360