USD/INR - Testing support, ready for the next rally

USD/INR testing support, ready for the next rally?

Since the 58.20 low this cross has tested the support-line multiple times and every time the support-line has protected the downside for the next move higher. I do think this will be the case this time too. but we need a break above minor resistance at 60.42 to accelerate prices higher in wave (iii) to 62.47 and possibly even higher to 64.15.

Only an unexpected break below 59.74 will delay the immediate upside pressure for a decline closer to 59.62 before a new push higher could be expected.

Duane
2014-05-27
Hi EWS,

Just wanted to send a word of thanks for all of the hard work that you
do, and to show you that I personally have paid for my subscription many
times over with the fantastic work that you...
Hani
2014-06-06
I have been a fan of you blog for several years!
I am so impressed at your renewal.
Elliott wave analysis is so difficult to me, but so interesting and useful.

Thank you
Hani
Duane
2018-03-03
Hey EWS,

I just wanted to thank you for posting your charts. They are of great help to me. Your charts are a great teaching aid for learning Elliott Wave.

Duane