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Home » Currency pairs moving in a narrow range amid uncertainties in the market.
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Currency pairs moving in a narrow range amid uncertainties in the market.

Currency Pairs

 

 

 

Technical outlook of Major Currency (July 2020)

 

USDINR

Support is 75.10 Resistance is 75.50.

Break and close above 75.50 will take it to 75.90—76.30 levels else could touch its support level of 75.10 levels.

We can go for fresh selling on a close below 75.10.

Trade with levels only.

 

Dollar Index

DX has its major support at 96.00 and resistance is seen at 96.40.

A break and close below 96.00 will see a downside move till 95.60 —95.20 in the days to come.

We can go for fresh buying on a close above 96.40

Trade with levels only.

 

GBPINR

It has its major support at 94.50 and resistance is seen at 94.80.

Break and close above 94.80 will see an upside move till 95.10—95.40 levels in the days to come.

Buy it on dips!

Trade with levels only.

 

EURUSD

EURUSD is trading in a range.

It has major support at 1.13600 and the immediate resistance is seen at 1.14100.

Break and sustain above 1.14100 it will take it to 1.14550—1.15800 levels or else it can touch its support level of 1.13600 again.

We can go for fresh selling on a close below 1.13600.

Trade with levels only.

 

USDJPY

USDJPY seems to be taking hurdle near its resistance level.

It has its support at 107.000 and the immediate resistance is seen at 107.400.

A break and close below its support will see a downside move till 106.600—-106.200.

Fresh buying can be seen on a close above 107.400.

Trade with levels only.

 

EURJPY

EURJPY is trading in a range.

It has its major support at 121.800 and the immediate resistance is seen at 122.450.

If it will manage to break and sustain above its resistance level, then we can see 123.000—123.400 levels soon.

We can go for fresh selling below 121.800.

Trade with levels only.

 

Read our yesterday’s Major Currency pairs update. Click Here!

 

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