Daily forex report 13 feb 2014 by epicresearch

FOREX TECHNICAL REPORT……!!!!

13- FEBRUARY-2014, THURSDAY

INDIAN FOREX DAILY NEWSLETTER

RBI DAILY REFRENCE RATES

Trade Date

1 USD

1 GBP

1 EURO

100 YEN

12-Feb-2014

62.1250

102.2515

84.7215

60.6000

11-Feb-2014

62.4390

102.4811

85.2813

61.0100

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

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

S2 – 84.5283

S1 – 84.7167

PIVOT – 84.9608

R1 – 85.1492

R2 – 85.3933

TECHNICAL OUTLOOK: EUR/INR (NSE/MCX-SX) has closed @ 84.9050. If EUR/INR breaks the level of @ 84.75 then it can touch the level of @ 84.61 and @ 84.45 respectively.

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NEAR TERM OUTLOOK FOR EURO:

EUR / INR Feb. futures contract (NSE)

Sell

below

View : Bearish on EUR

84.75

Market Lot : EUR 1000

Target : 84.61 / 84.45

Stop Loss : 85.05

Support: S1/ S2 : 84.7167 / 84.5283

Resistance : R1/R2 : 85.1492 / 85.3933

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