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TUESDAY : - USDINR / EURUSD / GBPUSD / DOLLAR INDEX /BRENT OIL !!

USDINR

The Rupee showing some resilience near 75.00/75.06 levels, we are expecting USDINR commence Tuesday session between 74.78 / 74.88.

  • Day Trend: - Bullish but upside resistance persist with condition of market hold important resistance levels.

INTRADAY RANGE – 74.43 (74.72 – 75.01) 75.30


EURUSD

EURUSD Continues to Benefit from Greenback Weakness Despite a lack of particularly strong support for the Euro (EUR), the pair continues to climb higher this week. This is largely due to continued weakness in the US Dollar.

  • Day Trend: - Bullish but market in overbought territory.

INTRADAY RANGE – 1.2199 (1.2092 – 1.1985) 1.1878


GBPUSD

The Cable Surges despite Lack of Fresh Pound Support Despite weaker demand for the GBP in recent weeks, GBP/USD exchange rate has capitalized on US Dollar losses. The US Dollar continues to be sold across the board.

  • Day Trend: - Bullish but likely to enter in overbought territory.

INTRADAY RANGE – 1.4265 (1.4080 – 1.3895) 1.3710


DOLLAR INDEX

The dollar fell sharply against its rivals as analysts declared the recovery in the greenback over, but stopped short of ruling out a "second wave" of strength on worries the Federal Reserve could raise rates sooner than expected.

  • Day Trend: - Bearish but greenback entered into oversold territory.

INTRADAY RANGE – 92.13 (91.40 – 90.68) 89.95


BRENT OIL

Brent Oil prices rose as a weaker U.S. dollar supported commodities and on expectations that crude inventories fell in the United States, the world's biggest oil user, though rising coronavirus cases in Asia capped gains.

  • Day Trend:- Bullish but commodity in overbought zone.

INTRADAY RANGE – 68.71 (67.68 – 66.65) 65.62


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