2. TIME CURRENCY DESCRIPTION FORECAST PREVIOUS
2:00pm
GBP
CPI y/y 0.0% 0.0%
2:00pm
GBP
Core CPI y/y 1.0% 1.0%
2:30pm EUR
German ZEW Economic Sentiment 48.9 53.3
2:30pm EUR
Final CPI y/y 0.0% 0.0%
2:30pm EUR
Final Core CPI y/y 0.6%
0.6%
6:00pm USD
Building Permits 1.06M 1.04M
Rupee gains momentum ends at 63.71 against US dollar.
Dollar moved higher vs. other majors but remains on defensive
after US data.
Euro tanks from its 3 months high as rise in Bund yields stall.
Pound falls as much as on the back of stronger dollar.
Australian dollar slide on weak house prices data in China and RBA
comments.
Sterling dips against dollar on EU membership, spending cuts.
AUD/USD decline; downbeat Australian data.
News FLASH
Economic calendar - May 19
3. CURRENCIES S1 S2 S3 R1 R2 R3
USDINR 63.7000 63.5500 63.4500 64.0000 64.1500 64.2500
EURINR 72.5000 72.3000 72.1000 72.9000 73.1000 73.2500
GBPINR 99.8500 99.7000 99.5000 100.1000 100.2500 100.4500
JPYINR 53.2000 53.0500 52.9000 53.5000 53.7000 53.9000
EURINR on daily charts closed around its resistance level of 72.8500. Now, if it is able to break trend line
acting as resistance i.e.73.0500 then it may find next resistance near 73.4000.
Pivot table
TECHNICAL VIEW
EURINR