Is USDINR Traping us?

FX_IDC:USDINR   U.S. Dollar / Indian Rupee
With Fundamental Slow Down in the Indian Economy accompanying with rising Global Slowdown and Trade Wars.
Dollar Index is Touching New Highs and with no major moves in Indian Currency giving us a big trap signal on each fall in the USDINR or the Rising Rupee.
One can Long USDINR at 71.15-71.20 Levels for the Targets of 72.40, 73.25 and 74.57 in the coming months with Near by support ranges of 70.64, 70.54, 70.32 and 70.08
Comment: Now.. the Move has started in usdinr @ 71.000...
Trade active: Next coming levels of USDINR.. .
Now what is your view sir, for long position.
sanchittak Tushar_Kole
@Tushar_Kole, still intact with the positive move in usdinr. Read new idea.
+1 Reply
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