Buying Opportunity seen in the currency pair. The currency Pair has taken a support at the 200EMA. 200 EMA act as a primary trend in the market. The Pair was trading below the 200 EMA from a long time and it has been few month that the pair has close above the 200 EMA and move higher and again corrected to the EMA and taken support, suggesting that 200 EMA's is a strong support for the pair.

We can expect the stock to move higher and make new high in coming months.

The RSI has also taken support at the lower level and is expected to trend with price.

BUY the currency pair for a period of 2-3 month with a SL of 1.57730 on closing basis for a target price of 1.64-66

Short Term Buy

Sep 07 2021