EURINR is trading below 20 and 50 day moving average -Tradebulls Securities
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USD/INR
Strong upmove is seen in USDINR after 3 days of sideways movement. Next resistance comes around 83.00 So wait for rally around 83 before taking short position. Intraday go long around 82.65 for tgt of 82.95 and stoploss of 82.50.
EURINR
EURINR is trading below 20 and 50 day moving average, Slow inflation has given EUIRINR boost but weak PMI will weaken further. Buy on dips near 90.60 for tgt of 90.90 and stoploss of 90.30.
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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory
