Tuesday, October 18, 2016

USDINR TRADING STRATEGY

USDINR TRADING STRATEGY

BUY USDINR (OCT)  50% AT 66.77 & 50% AT 66.65       
FOR TARGET 67.00  SL BELOW 66.54 

EURUSD Technical View

EURUSD has a potential to rise upto 1.1050-70 but it would find it difficult to sustain these levels and thus can be sold on rise for trading. 


TRADING STRATEGY

SELL EURUSD 75% AT 1.1050 & 25% AT 1.1070   FOR TARGET 1.0960  SL ABOVE  1.1110.

If we miss the selling range than;

BUY EURUSD 50% AT 1.0960 & 50% AT 1.0930  FOR TARGET 1.1050  SL BELOW 1.0885.