Daily Forex Report by www.epicresearch.co 25th March 2013

- Epic Research is a leading financial services provider with presence in Indian and other global capital markets.

Indore, India (prHWY.com) March 25, 2013 - HEADLINE
Rupee extends losses tracking weak shares
The rupee extended losses to 54.39/40 versus its previous close of 54.2750/2850, tracking losses in the domestic share market. Asian shares hovered near 2013 lows and gold stayed close to a one-month high on Friday as Cyprus scrambled to find a solution to its funding crisis and concern over the health of the euro zone mounted. Traders said fiscal year-end and month-end dollar demand from importers especially oil was seen helping the dollar.
TRADING TIPS:
SELL USD/INR
* ABOVE 54.34
* FOR TGT 54.19/54.04
* SL 54.54
PAST PERFORMANCE
SELL USD/INR
* ABOVE 54.35
* FOR TGT 54.20/54.05
* SL 54.55
* SL TRIGGERED
ANALYSIS
DAILY USD/INR
OPEN: 54.3625
HIGH: 54.4600
LOW: 54.3025
CLOSE: 54.3550
* USD/INR LOOKS DOWNUPWARDS
* TREND: BEARISH
* STRATEGY: SELL ON RISE
DAILY EUR/INR
OPEN: 70.2125
LOW: 70.4725
HIGH: 70.1150
CLOSE: 70.4200
* EUR/INR LOOKS DOWNEARDS
* TREND: BEARISH
* STRATEGY: SELL ON RISE


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