For currency pairs trading at MCX I give below
the pivot points
EURINR-I
|
GBPINR-I
|
JPYINR-I
|
USDINR-I
|
|
R3
|
71.4350
|
89.8150
|
71.3392
|
55.9175
|
Mid R3
|
71.3213
|
89.5813
|
71.2388
|
55.8313
|
R2
|
71.2075
|
89.3475
|
71.1383
|
55.7450
|
Mid R2
|
71.1425
|
89.2013
|
71.0750
|
55.6950
|
R1
|
71.0775
|
89.0550
|
71.0117
|
55.6450
|
Mid R1
|
70.9638
|
88.8213
|
70.9113
|
55.5588
|
Pivot
|
70.8500
|
88.5875
|
70.8108
|
55.4725
|
Mid S1
|
70.7850
|
88.4413
|
70.7475
|
55.4225
|
S1
|
70.7200
|
88.2950
|
70.6842
|
55.3725
|
MID S2
|
70.6063
|
88.0613
|
70.5838
|
55.2863
|
S2
|
70.4925
|
87.8275
|
70.4833
|
55.2000
|
Mid S3
|
70.4275
|
87.6813
|
70.4200
|
55.1500
|
S3
|
70.3625
|
87.5350
|
70.3567
|
55.1000
|
All the currencies are
trading within short trading range. I believe this is not the time to take short positions
in the currency pairs. The Euro’s strength is still seen. and it may have some
more value.More trading sessions will give clearer picture of currencies.
Happy trading!
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