USDINR: Immediate strong resistance placed around 65.30 level | IndiaNotes.com
USDINR futures opened lower with gap in the last session and prices recovered for most of the session till high of 64.86.
Prices closed flat around 64.80 level.
Prices have taken strong support at 61.8% Fibonacci retracement of its rally from low of 63.89 till high of 65.12, which is placed at 64.75 level.
Prices are expected to recover from these towards immediate strong resistance placed around 65.30 level.
EURINR futures opened flat in the last session and prices consolidated for the whole session in the range of 75.50-75.65 levels.
Prices have been correcting gradually since last few weeks after breaking down from its short term rising trend line support and are expected to correct further from these levels towards next strong support placed around 38.2% Fibonacci retracement of its rally from low of 68.21 till high of 78.29, which is placed at 74.44 level.
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