USDINR - 18Oct2021
USDINR - 18Oct2021
On weekly timeframe, price broke out of descending trendline and swung towards 1st Resistance before pullback below 23.6% Fib retracement support but was not able to confirm above. We could expect a short-term bounce before a deeper pullback this week.
On the H4 timeframe, prices held support. We could expect a short-term bounce to 1st Resistance.
This is for personal record purposes only, not financial advise or solicitation of trade.
On weekly timeframe, price broke out of descending trendline and swung towards 1st Resistance before pullback below 23.6% Fib retracement support but was not able to confirm above. We could expect a short-term bounce before a deeper pullback this week.
On the H4 timeframe, prices held support. We could expect a short-term bounce to 1st Resistance.
This is for personal record purposes only, not financial advise or solicitation of trade.
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