For currency pairs trading at MCX I give below the pivot points
|
EURINR-I
|
GBPINR-I
|
JPYINR-I
|
USDINR-I
|
R3
|
71.9275
|
89.4133
|
71.6067
|
55.6783
|
Mid R3
|
71.7913
|
89.3350
|
71.5088
|
55.6213
|
R2
|
71.6550
|
89.2567
|
71.4108
|
55.5642
|
Mid R2
|
71.5750
|
89.1850
|
71.3063
|
55.4988
|
R1
|
71.4950
|
89.1133
|
71.2017
|
55.4333
|
Mid R1
|
71.3588
|
89.0350
|
71.1038
|
55.3763
|
Pivot
|
71.2225
|
88.9567
|
71.0058
|
55.3192
|
Mid S1
|
71.1425
|
88.8850
|
70.9013
|
55.2538
|
S1
|
71.0625
|
88.8133
|
70.7967
|
55.1883
|
MID S2
|
70.9263
|
88.7350
|
70.6988
|
55.1313
|
S2
|
70.7900
|
88.6567
|
70.6008
|
55.0742
|
Mid S3
|
70.7100
|
88.5850
|
70.4963
|
55.0088
|
S3
|
70.6300
|
88.5133
|
70.3917
|
54.9433
|
The EURO continues to
rise and most likely to find new highs. The JPY is weak. May come down. The USD
may stage a comeback the GBP also has shown
some strength. The above pivot points should be consulted while taking
positions.
Happy trading !!
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