Jan 03 2019

USDINR Trade idea

USDINR- After a bullish move, this pair seems to take correction from initial level. Stochastic is at 89 which is overbought territory and likely to give bearish crossover signal. Like wise Relative Strength Index of 14 period is at 71 (overbought zone).

Our Preference- Sell at 70.45

Target- 70.00

Stop loss- 70.60