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Tuesday, November 22, 2011

Indian Forex Tips: Outlook Strategy for Today

USD INR: 52.3
USD INR is in strong uptrend, on the edge of crossing previous high of 52.37, after crossing this further upside in the counter could also be seen.

EUR INR: 70.23
EUR INR is trending higher in rising channel and is on verge of testing the valid resistance line of rising channel. Some profit booking cannot be ruled at resistance level pegged at 71 levels.

GBP INR: 81.78
GBP INR is surging up in higher high/low fashion and is on verge of crossing the upper channel line on cross of which further upside could also be seen.

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