USDINR Trade Idea - 15 May

USDINR Trade Idea - 15 May

15 May 2020 11:01 AM
 

USDINR:-Price action is still resisting at the 50 period simple moving average hurdle at 75.63 mark. A trend-line resistance is also coming at around 75.65-70 mark. Momentum is still hovering below its zero-line – RSI(14) is at 47 mark on 4 hour chart.

Our Preference:- Sell at 75.57

Target:- 75.20

Stop loss:- 75.71