Trendy Dollar
After steep rise in the last two weeks, a little correction we have seen in the week and settled around 91.8440.
Dollar Index has resistance at 94.40 and support at 91.50.
The fresh upside rally we will see in the Dollar index above 92.40 levels. Break and close above 94.40 will take it to 93.10—93.40 and then to 94.20 levels.
Or else it could test its support levels of 91.50 again.
Below 91.50, it could test 91.20—90.70 levels.
Don’t jump for aggressive selling in it. Buying near to the support levels will be a fruitful trading strategy for smart traders in the week.
Trendy EURUSD
In the week, we have seen positive bias trading in EURUSD. EURUSD made a high of 1.1976 and finally settled around 1.1941.
Now, what next???
Support at 1.1840 and resistance at 1.20.
EURUSD looks weak below 1.1920 and could test 1.1890—1.1860.
More and more downside panic we will see on a close below 1.1840 levels only. Else, it could test its resistance level of 1.20 again.
Close above 1.20 will take it to 1.2080—1.2120.
Expect consolidation as well as choppy trades in EURUSD. So don’t go for aggressive trades in this week.
Traders can trade safely as per levels given above. Anything major seems then surely we will update during market hours.
Trendy USDINR (July)
Last week, USDINR traded within a range but we have seen a good bounce from lower levels. USDINR settled around 74.4475 on Friday.
Now, what next???
Support at 74.00 and resistance at 74.70.
Break and close above 74.70 will take USDINR to 75.30—75.80 levels.
Or else it could test its support level of 74.00 again.
Break and close below 74.00 will take USDINR to 73.40—73.00 levels again.
Trade safely as per levels given above. More we will update during market hours.
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