MONDAY : - USDINR / EURUSD / DOLLAR INDEX !!

USDINR

We are expecting USDINR commence Monday session with in range between 74.80 / 74.90, rising covid19 recovery rate in India giving some hope but mounting deaths indicates future path is not smooth.

• Day Trend: - Bullish but pair trading between 5DMA & 15DMA. After break below 15DMA trend will change.

INTRADAY RANGE – 74.49 (74.81 – 75.14) 75.46

EURUSD

The euro rose to a near two-month high against the greenback before data later on Monday forecast to show an improvement in German business sentiment, which would bolster hopes for a brighter economic outlook.

• Day Trend: - Bullish but market in overbought territory, correction will be buying opportunity.

INTRADAY RANGE – 1.2227 (1.2139 – 1.2051) 1.1963

DOLLAR INDEX

The greenback down against major currencies amid speculation that Federal Reserve Chairman Jerome Powell will shun talk of tapering bond purchases at a policy meeting this week.

• Day Trend: - Bearish but in oversold territory.

INTRADAY RANGE – 91.61 (91.10 – 90.60) 90.09

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