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Published on 2/06/2020 9:41:06 AM | Source: Tradebulls

USDINR has bounced from 75.40 and is trading near 75.70 - Tradebulls

Posted in Currency Report| #Currency Tips #Tradebulls Securities Pvt Ltd

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USDINR

USDINR has bounced from 75.40 and is trading near 75.70. It is trading around 200 DMA and short term trend is sideways as 20 and 50 EMA has given cross below. We recommend going long around 75.50 for target of 76.20

 

EURINR

EURINR has closed above its 20 and 50 DMA. Trend for short term has turned positive after EURUSD has shown positive momentum against USD. EURINR has also closed and sustained above 200 DMA so trend is positive and buy on dips for target of 83.90 and above.

 

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