PRECIOUS METALS
Today, bullion is expected to move in positive direction especially after ECB announcement.
TRADING RANGE:
– GOLD : 1,240-1,260
– SILVER:18.60-19.10
CURRENCIES
EURO
EUR/USD shall go upside after ECB announcement.
Buy EUR/USD at lower level or before ECB announcement.
INDIAN RUPEE (USD/INR)
Hold USD/INR(SPOT) with stop loss 58.80 for target 60.00.
DOLLAR INDEX
Sell dollar index on rise.
However from next day, dollar index shall turn positive.
TRADING RANGE:
– EUR/USD: 1.3580-1.3680+
-USD/INR(SPOT): 59.00-59.50
-DOLLAR INDEX: 80.70-80.45


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