maneeshaggarwal

usdinr - a big downtrend to be started

Short
FX_IDC:USDINR   U.S. Dollar / Indian Rupee
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1
for educational purpose usdinr is showing symptoms of double top where 66.6-66.21 is the support where a little bounce may happen but this support may be broken then 63.65-63.32 will be next support. Or a big downtrend may be seen.
Trade active: a relief rally is just to sell not to buy. USDINR is making new lows. so be ready to be surprised.

Comments

I too feel one should short the USDINR at 67... If u see the weekly charts it has broken the long term trend line at 67.5...and the next support is 64 levels ...
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