Daily forex report 11 feb 2014 by epicresearch

FOREX TECHNICAL REPORT……!!!!

11- FEBRUARY-2014, TUESDAY

INDIAN FOREX DAILY NEWSLETTER

RBI DAILY REFRENCE RATES

Trade Date

1 USD

1 GBP

1 EURO

100 YEN

10-Feb-2014

62.1930

102.1396

84.7418

60.7400

07-Feb-2014

62.3155

101.7768

84.6830

61.0100

06-Feb-2014

62.5045

101.9198

84.4994

61.5900

05-Feb-2014

62.4525

102.0099

84.3548

61.5800

04-Feb-2014

62.6815

101.9765

84.7805

62.1200

03-Feb-2014

62.6891

102.9668

84.5780

61.4100

31-Jan-2014

62.4768

102.9493

84.6022

60.9600

30-Jan-2014

62.7335

103.8679

85.6075

61.2200

29-Jan-2014

62.2005

103.1160

84.9640

60.2200

28-Jan-2014

62.9898

104.6135

86.1715

61.3600

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EUR/INR DAILY TECHNICAL LEVELS EUR/INR DAILY CANDLESTICK CHART

S2 – 84.6525

S1 – 85.0100

PIVOT – 85.2075

R1 – 85.5650

R2 – 85.7625

TECHNICAL OUTLOOK: EUR/INR (NSE/MCX-SX) has closed @ 85.3675. If EUR/INR sustain above the level of @ 85.46 then it can touch the level of @ 85.60 and @ 85.75 respectively.

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NEAR TERM OUTLOOK FOR EURO:

EUR / INR Feb. futures contract (NSE)

Buy

above

View : Bullish on EUR

85.46

Market Lot : EUR 1000

Target : 85.60 / 85.75

Stop Loss : 85.16

Support: S1/ S2 : 85.0100 / 84.6525

Resistance : R1/R2 : 85.5650 / 85.7625

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