As for the Euro, it seems there is some relief in sight ahead for Greece. Well, at least that is what the prices (of Euro USD) are telling us.
While it is currently at 1.36, I expect that a close above 1.3680 should give us the necessary trigger to go long on Euro against the USD. Traders on the Indian exchanges, however , should watch out!!
On break out one should target a level of 1.3950 - 1.40 in medium term
As for commodities, book profit in bullion in case you hold them ...
Happy trading
CA Rajiv D Khatlawala
ValueTrade Academy
www.investogyan.com
2 comments:
nifty is becoming unpredictable. The levels indicated in your blog of 5055 and yesterday as 5080, not acheivable .
The bars never go below 5100.
Sir.. please throw some light on USDINR too.. for medium to long term prospect.. the markets are extremely confusing rite now....
Hardik Naik
Post a Comment