Analysts at Commerzbank, point out that the USD/INR closed below the 68.80/69.13 zone, completing a major top. Key Quotes: “We have numerous 13 counts on the daily, weekly and monthly charts.” “Price has reacted back to major support 69.13 (August 2013 high) and the 68.80 (November 2016 high), which has now been eroded. A close below here has been seen, which completes a major top and targets initially 66.82/73, 200 week ma and the 2011-2019 uptrend. This will act as the break down point to 66.14 the 55 week ma then 63.27 January 2018 low.” “A major top has completed. A negative bias will remain entrenched below the 71.87 4th, February high.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next USD/JPY: Awaiting the FOMC but fresh catalysts are required to flip that script FX Street 4 years Analysts at Commerzbank, point out that the USD/INR closed below the 68.80/69.13 zone, completing a major top. Key Quotes: "We have numerous 13 counts on the daily, weekly and monthly charts." "Price has reacted back to major support 69.13 (August 2013 high) and the 68.80 (November 2016 high), which has now been eroded. A close below here has been seen, which completes a major top and targets initially 66.82/73, 200 week ma and the 2011-2019 uptrend. This will act as the break down point to 66.14 the 55 week ma then 63.27 January 2018 low." "A major top has… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
