For currency pairs trading at MCX I give below the pivot points
|
|
EURINR-I
|
GBPINR-I
|
JPYINR-I
|
USDINR-I
|
|
R3
|
71.5575
|
88.7492
|
69.6283
|
54.7142
|
|
Mid R3
|
71.4450
|
88.6000
|
69.4938
|
54.6200
|
|
R2
|
71.3325
|
88.4508
|
69.3592
|
54.5258
|
|
Mid R2
|
71.1538
|
88.3013
|
69.2125
|
54.4150
|
|
R1
|
70.9750
|
88.1517
|
69.0658
|
54.3042
|
|
Mid R1
|
70.8625
|
88.0025
|
68.9313
|
54.2100
|
|
Pivot
|
70.7500
|
87.8533
|
68.7967
|
54.1158
|
|
Mid S1
|
70.5713
|
87.7038
|
68.6500
|
54.0050
|
|
S1
|
70.3925
|
87.5542
|
68.5033
|
53.8942
|
|
MID S2
|
70.2800
|
87.4050
|
68.3688
|
53.8000
|
|
S2
|
70.1675
|
87.2558
|
68.2342
|
53.7058
|
|
Mid S3
|
69.9888
|
87.1063
|
68.0875
|
53.5950
|
|
S3
|
69.8100
|
86.9567
|
67.9408
|
53.4842
|
All the currencies have
shown a bearish trend. The euro can recover as it is still in near the 15 days
moving average. However if this downtrend continues the euro could also get
affected and move downwards. Care should be taken while initiating trades.
Happy trading !!
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