Wednesday, May 17, 2017 2:44 PM EDT
4 Hourly Chart – After a decent downtrend, the price has made an inverse Head & Shoulder Pattern. This gives a signal for a reversal of the trend.
Daily Chart – It has started its 3rd wave and the price has made the rounding top pattern, which clearly is indicating a bullish view for 73-75-77 levels.
(Click on image to enlarge)
EUR/INR 4h chart
(Click on image to enlarge)
Disclaimer: The above views are only for educational purposes. Equity & commodity trading has large potential rewards, but also large potential risks. You must be aware of these risks and be ...
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Disclaimer: The above views are only for educational purposes. Equity & commodity trading has large potential rewards, but also large potential risks. You must be aware of these risks and be willing to accept them in order to invest in the markets. Don't trade with money you can't afford to lose. This page is neither a solicitation nor an offer to acquire/sell any script. Please consult your financial advisor to take appropriate investments as per your risk profile. The past performance of any investments is not an indication for future returns.
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EURINR Nice rally spotted @ 71.14.. Current Price 72.62 :)