INDIAN FOREX REPORT

INDEX WATCH: 1. RBI Reference Rate (USD/ GBP/ EURO/ YEN) 2. EURINR Chart, Levels and Charts Justification. 3. Technical outlook of EURINR. 4. Near Team Outlook for Euro.

EPIC Research Report

This Report contains all the study and strategy required by trader to trade on INDIAN FOREX MARKET (NSE-FX AND MCX-SX). Refer to the chart attracted in the Report to take proper Trading Decision.
Research Analyst: Nilesh Jain

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FOREX TECHICAL REPORT!!!!

23- AUGUST-2013, FRIDAY

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RBI DAILY REFRENCE RATES

Trade Date 22-Aug-2013 21-Aug-2013 20-Aug-2013 19-Aug-2013 16-Aug-2013 14-Aug-2013 13-Aug-2013 12-Aug-2013 08-Aug-2013 07-Aug-2013 1 USD 65.4207 63.4605 63.7335 62.3461 61.8195 61.5160 61.4343 60.8025 61.1150 61.3940 1 GBP 102.0955 99.4172 99.7875 97.3721 96.5682 94.9869 95.0757 94.2074 94.7710 94.1723 1 EURO 87.3176 85.1205 85.0698 83.0686 82.4510 81.6266 81.7770 81.0345 81.5420 81.6990 100 YEN 66.6200 65.0200 65.5100 63.8300 63.2900 62.5600 63.0900 63.0700 63.4400 63.2200

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EUR/INR DAILY TECHNICAL LEVELS

EUR/INR DAILY CANDLESTICK CHART

S2 85.1567

S1 85.7083

PIVOT 86.6117

R1 87.1633

R2 88.0667

TECHNICAL OUTLOOK:
EUR/INR (NSE/MCX-SX) has closed at the level of @86.2600. If it small bounce back level of @86.65 can sell the EUR/INR and touch the level of @85.11 and @84.49 respectively.

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NEAR TERM OUTLOOK FOR EURO:

EUR/ INR July futures contract (NSE)

View: Bearish on EUR

Sell at 86.65

Market Lot: EUR 1000

Target: 85.11 / 84.49

Stop Loss: 87.65

Support: S1/ S2: 85.7083 / 85.1567

Resistance: R1/R2: 87.1633 / 88.0667

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