USDINR taking channel support
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USDINR saw a sharp decline today. With this fall, it has touched the support region of the rising channel within which it was moving for last few weeks.
As the RSI is also reaching the oversold region, I feel there might be a pause here and we may see some pullback.
I will wait for the price-action to unfold during next few hours on this support region to determine the direction of next move.
As the RSI is also reaching the oversold region, I feel there might be a pause here and we may see some pullback.
I will wait for the price-action to unfold during next few hours on this support region to determine the direction of next move.
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Updated Idea with Long trade- 
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