Way2Wealth has come out with its report on currencies. According to the research firm, one can buy USDINR at 59.21 with a stop loss of 58.89 for the target of 59.9, in its research report dated June 02, 2014.
USDINR
The pair continued it's upwards journey in the past session and is expected to continue the same until the next resistance levels of 59.9 is hit. The momentum indicator RSI is on the verge of entering the neutral zone from the oversold.
GBPINR
The prices ended the past session with hammer candlestick which indicates buying to continue. If the resistance levels of 99.65 are penetrated then pair will start rising in higher high/low formation. RSI (14) has given the positive crossover.
EURINR
The bullish head and shoulders chart pattern is under making on the hourly chart and neckline resistance of the same is placed at 81.21 levels. If the prices penetrates the same then the EUR can flare up to 82.4 levels. RSI (14) has given the positive crossover.
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To read the full report click here
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