IMV FOREX UPDATE
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๐Ÿ’ฒ Currency Update: ๐Ÿ’ฒ

EURINR is trading in a range.

It has its major support at 78.10 and resistance is seen at 78.70.
Break and close with strong volume to either side will be a major trend decider for this currency pair in coming daysโ€ฆ

Till then, do not go for extreme buying or selling at current levels.
Above 78.70, we can expect a sharp rise till 79.20---79.70 levels or else it can touch down its support levels of 78.10 again.

Trade with levels only.

EURUSD is in a weak ๐Ÿ“‰๐Ÿ“‰ trend.

It has its support at 1.1210 and resistance is seen at 1.1250.
If it break its support levels of 1.1210 with strong volume, then we can expect a heavy downside panic till 1.1170---1.1130 levels or else it can touch its resistance level of 1.1250 again.

Avoid buying at current levels.

Trade with levels only.
๐Ÿ””. Currency Opening Bell ๐Ÿ””

USDINR.... Open on a Positive note CMP 70.07

Support is 69.80 Resistance is 70.20

Either side break or close with volume will decide further action in it.

Trade with levels only

Cross Currency โ€ฆOpen --- CMP

EURUSD โ€“ 1.1164---1.1164

GBPUSD - 1.2918---1.2919

USDJPY โ€“ 111.6800---111.8700
๐Ÿ”” Currency Opening Bell ๐Ÿ””

USDINR.... Open on a Flat note

Support is 70.00 Resistance is 70.60

Either side break or close with volume will decide further action in it.

Trade with levels only

Cross Currency โ€ฆOpen --- CMP

EURUSD โ€“ 1.1200---1.1183

GBPUSD - 1.2918---1.2900

USDJPY โ€“ 112.0200---112.0000
๐Ÿ””. Currency Opening Bell. ๐Ÿ””

USDINR.... Open on a Negative note 70.13

Support is 70.00 Resistance is 70.60

Either side break or close with volume will decide further action in it.

Trade with levels only

Cross Currency โ€ฆOpen --- CMP

EURUSD โ€“ 1.1215---1.1225

GBPUSD - 1.2950---1.2950

USDJPY โ€“ 111.6000---111.4300
๐Ÿ”” Currency Opening Bell ๐Ÿ””

USDINR.... Open on a Flat note 69.82

Support is 69.50 Resistance is 70.10

Either side break or close with volume will decide further action in it.

Trade with levels only

Cross Currency โ€ฆOpen --- CMP

EURUSD โ€“ 1.1242---1.1242

GBPUSD - 1.3072---1.3069

USDJPY โ€“ 111.3200---111.1500
๐Ÿ’ฒ Currency Update: ๐Ÿ’ฒ


ECB Surge: External Commercial Borrowing Approvals Surged In March


The approvals sought from the Reserve Bank of India to raise foreign debt or external commercial borrowings surged in March, showed data released by the central bank. The data for external commercial borrowing approvals shows that firms took approvals for $12.18 billion in foreign currency borrowings. Of this, $7.69 billion was under the approval route, while the remaining came under the automatic route.

Source: Bloomberg Quint
๐Ÿ”” Currency Opening Bell ๐Ÿ””

USDINR.... Open on a Flat note 69.60

Support is 69.40 Resistance is 69.90

Either side break or close with volume will decide further action in it.

Trade with levels only

Cross Currency โ€ฆOpen --- CMP

EURUSD โ€“ 1.1213---1.1213

GBPUSD - 1.3072---1.3045

USDJPY โ€“ 111.4300---111.4300
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Currency Update:

* GBP/USD surged towards resistance on increased pressure for a Brexit deal

* US Dollar fell on mixed jobs report, S&P 500 rejoiced as bond yields dropped

Source: Daily FX
๐Ÿ”” Currency Opening Bell ๐Ÿ””

USDINR.... Open on a Flat note 69.57

Support is 69.40 Resistance is 69.90

Either side break or close with volume will decide further action in it.

Trade with levels only

Cross Currency โ€ฆOpen --- CMP

EURUSD โ€“ 1.1240---1.1240

GBPUSD - 1.3123---1.3123

USDJPY โ€“ 110.6000---110.6400
๐Ÿ”” Currency Opening Bell ๐Ÿ””

USDINR.... Open on a Positive note 69.74 โฌ†โฌ†

Support is 69.60 Resistance is 70.00

Either side break or close with volume will decide further action in it.

Trade with levels only

Cross Currency โ€ฆOpen --- CMP

EURUSD โ€“ 1.1235---1.1235

GBPUSD - 1.3084---1.3084

USDJPY โ€“ 110.5100---110.4000