Currency Technical Analysis


1.152 and 1.13 are the next two fibonacci projections for the Euro on the way down. the trend down should resume and the up move yesterday maybe almost done.


USDJPY support is at 112.90, and heading in wave iii towards 117.95


USDINR – two major near term support levels coming up. 61.8% at 64.59, and the 20wma at 64.45. Holding these two the next wave up to above 66 should start.


EURINR – is in decline with the Euro and the 38.2% retracement is at 74.16 and 50% retracement is at 72.92.

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