Daily forex report 20 feb 2014byepicresearch

FOREX TECHNICAL REPORT……!!!!

20- FEBRUARY-2014, THURSDAY

INDIAN FOREX DAILY NEWSLETTER

RBI DAILY REFRENCE RATES

Trade Date

1 USD

1 GBP

1 EURO

100 YEN

18-Feb-2014

62.1220

103.9301

85.1680

60.5100

17-Feb-2014

61.9495

104.0194

84.9485

60.9700

14-Feb-2014

62.2770

103.6663

85.1755

61.2200

13-Feb-2014

62.2725

103.4658

84.8710

61.0200

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

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

S2 – 84.7883

S1 – 85.1392

PIVOT – 85.3308

R1 – 85.6817

R2 – 85.8733

TECHNICAL OUTLOOK: EUR/INR (NSE/MCX-SX) has closed @ 85.4900. If EUR/INR sustain above the level of @ 85.61 then it can touch the level of @ 85.75 and @ 85.90 respectively.

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NEAR TERM OUTLOOK FOR EURO:

EUR / INR Feb. futures contract (NSE)

Buy

above

View : Bullish on EUR

85.61

Market Lot :

Target : 85.75 / 85.90

Support: S1/ S2 : 85.1392 / 84.7883

Stop Loss :

EUR 1000

85.30

Resistance : R1/R2 : 85.6817 / 85.8733

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