6 Aug 2020 ● 06:38 AM
Has USDINR started the next move lower. I have mared x on the chart but I cannot be sure that it is over. I cannot rule out that we spike up to 75.85 to the trendline of the last two highs before going down. So odds remain open both ways as of now. A move below 74.68 could be a sign that the x wave is over and we started the next wave lower. Till then keep the option of a move higher first open.