USD/INR
INR is currently trading at 55.75.
Divergence is indicated in chart where momentum is moving down with a descending trendline but
INR is moving up.
Reversal near 56.00 may be seen.
Resistance at 56.05 where it retrace 78.6% from it low of 51.37.
Stoploss of 56.10-56.20 should be kept, as same indication was giving as it is seen few days before (red circle) and it failed.
Price is near the upper Bollinger Band.
Market is also moving positive for few days.
This is just for educational purpose and one should consult their adviser before trading.
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