EURO-INR:- Euro-Inr is forming the upward correcting FLAT formation. Within this flat formation it is forming the very strong C wave. It has formed the high of 61.5123.We are looking for bit more upside to 62.70 to terminate this larger degree flat & turn down towards 60.00 in the coming week.

GBP-INR:- It is rising with the strong momentum within channel. We do not see it breaching 72.00 being the good support. On the upside it is headed for the 76.00.

JPY-INR:-  It has good support at 52.80 & as long as it is held we expect a move above the 56.00.However this move will be a laboured rise & devoid of any momentum.

EURO-USD:- Euro is forming the upward zigzag correction. It made the high of 1.3334 against our expected range of 1.3115-1.3240.In our view it will still  move bit higher to 1.3370 during the initial part of the week. It is expected to decline sharply from there to indicate the termination of the zigzag & commencement of the new impulse wave on downside towards 1.3000.

GBP-USD:- It is moving up with the rising momentum. For the coming week it will initially head for the 162.80 & then decline towards the 156.00.Still the trend should be considered up.

USD-JPY:- In our view it is in the last leg of decline & may touch the 84.00 level to complete the five wave decline from the 94.98.Once this decline is over, there will be swift bounce towards the 86.50 in the coming week.

DOLLAR-INDEX:- It is declining within the channel & we see it finding the support only at 79.00 & then a swift bounce to 81.00.