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EUR/USD Rockets Past 1.1560 as Soft U.S. Jobs Data Fuel Fed Rate-Cut Surge 
- USD/INR is currently trading around 68.11 marks.
- It made intraday high at 68.20 and low at 68.04 marks.
- Intraday bias remains bullish till the time pair holds immediate support at 67.72 marks.
- Key resistances are seen at 68.25, 68.35(March 1, 2016 high), 68.46, 68.66 and 68.78 marks respectively.
- On the other side, initial supports are seen at 67.72, 67.59, 67.22, 66.82, 66.68, 66.50, 66.28, 66.10, 65.95 and 65.81 marks respectively.
- In addition, India’s NSE Nifty was trading around 0.54 percent higher at 7,971.90 points and BSE Sensex was trading at 0.39 percent higher at 25,866.28 points.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
We prefer to take long position in USD/INR around 68.00, stop loss 67.72 and target of 68.25/68.46.
