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FOREX UPDATE AND FORECAST: EURUSD, USDINR AND USDJPY

Posted: 26 Aug 2018 10:06 AM PDT

What had I written about EURUSD @ AUG 19, 2018, 22:05 PM (IST)? Click here.

Our preference
Long positions above 1.12962 with targets 1.15308 – 1.16340 – 1.17498 in extension.
Alternative scenario
Below 1.12962 look for further downside with 1.11180 as targets.

Second target has been achieved 1.15308 – 1.16340 level.

Is it a time for reversal or last target? Hurry! click here.

Our preference
Short positions above 69.588 with targets 69.791 – 69.990 – 70.283 – 70.688 in extension.
Alternative scenario
Below 69.588 look for further downside with 69.470 – 69.092 as targets.
Comment
MACD, RSI and STOCH RSI are the clear indication to traders.

Our preference
Short positions above 111.23 with targets 111.52 – 111.90 – 112.66 in extension.
Alternative scenario
Below 111.23 look for further downside with 110.73 – 110.06 as targets.

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