Technically,
the spot USDINR has a resistance at 54.75 levels and breakout above the same only
may bring in notable recovery. Otherwise, it is less likely the pair to recover
faster. On the backdrop of positive news from the Euro zone on Greece buying
back govt bonds may put downward pressure to USDINR.
The EURUSD
is looking promising at 1.3030 and likely to advance towards 1.31 on
Intra day. The EURGBP cross also looking
promising while a breakout above 0.8130 is necessary.
The USDJPY
retracing back, break below 81.70 will bring in reversal of the uptrend. While,
breakout above 82.80 should keep the uptrend alive
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