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1. FOREX TECHNICAL REPORT……!!!!
23- DECEMBER-2013, MONDAY

2. INDIAN FOREX DAILY NEWSLETTER
RBI DAILY REFRENCE RATES
Trade Date
1 USD
1 GBP
1 EURO
100 YEN
20-Dec-2013
62.2420
101.8092
84.8774
59.5900
19-Dec-2013
62.3800
102.1535
85.2945
59.9800
18-Dec-2013
61.9176
100.8328
85.2692
60.1600
17-Dec-2013
61.9580
101.1402
85.3345
60.1700
16-Dec-2013
62.1024
101.2704
85.4284
60.4000
13-Dec-2013
62.1266
101.5335
85.4135
59.9000
12-Dec-2013
61.6200
100.8350
84.9820
60.0300
11-Dec-2013
61.3313
100.7919
84.3780
59.7200
10-Dec-2013
61.2070
100.6488
84.1510
59.2900
09-Dec-2013
61.1785
100.0146
83.8195
59.3800
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3. INDIAN FOREX DAILY NEWSLETTER
EUR/INR DAILY TECHNICAL LEVELS
EUR/INR DAILY CANDLESTICK CHART
S2 – 84.4625
S1 – 84.7150
PIVOT – 85.0025
R1 – 85.2550
R2 – 85.5425
TECHNICAL OUTLOOK:
EUR/INR (NSE/MCX-SX) has closed @84.9675. If EUR/INR breaks the level of @84.75 then it can touch the level of
@84.61 and @84.44 respectively.
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4. INDIAN FOREX DAILY NEWSLETTER
NEAR TERM OUTLOOK FOR EURO:
EUR / INR Dec futures contract (NSE)
View : Bearish on EUR
Sell below 84.75
Market Lot : EUR 1000
Target : 84.61 / 84.44
Stop Loss : 85.11
Support: S1/ S2 : 84.7150 / 84.4625
Resistance : R1/R2 : 85.2550 / 85.5425
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5. INDIAN FOREX DAILY NEWSLETTER
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Research Analyst : Nilesh Jain
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6. INDIAN FOREX DAILY NEWSLETTER
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