USDINR, USDGBP And Euro Technical Analysis

USDINR

USDINR – has retraced 66% of the initial rally. wave I therefore think it is wave i of iii subdividing. iii=i would point to 66.45 or higher if extended. Today prices broke out of the downtrending line and closed above the 20dma so that was a positive sign.

USDGBP

USDGBP – wave iii up next points to 0.787 with support at 0.757.

EURO

The Euro hourly chart shows a flag and a-b-c rise. The structure of wave c is not clear, so it is over or a few more squiggles or attempts at the upper channel can also occur. Once we break the flag however the move should be in wave 3 down to new lows

The Euro hourly chart shows a flag and a-b-c rise. The structure of wave c is not clear, so it is over or a few more squiggles or attempts at the upper channel can also occur. Once we break the flag however the move should be in wave 3 down to new lows.