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FxWirePro: EUR/AUD downtrend loses steam but outlook still bearish 
- USD/INR is currently trading around 64.26 marks.
- It made intraday high at 64.36 and low at 64.25 marks.
- Intraday bias remains bullish till the time pair holds key support at 64.25 marks.
- Key resistances are seen at 64.48, 64.60, 64.82, 64.98, 65.09, 65.18, 65.34, 65.52 and 65.80 marks respectively.
- On the other side, initial supports are seen at 64.25, 64.06, 63.95, 63.75, 63.62, 63.48, 63.36 and 63.11 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart. Current upside movement is short term trend correction only.
We prefer to take long position in USD/INR only above 64.38, stop loss at 64.20 and target of 64.48/64.75.
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