USD/INR has been consistently trading within range of Rs. (61-64) of for past three months, Currently price has breached the short term support line S1 at Rs. (63) and showing weakness till Rs.61 Further the price is heading towards the short term Fibonacci support line and previous target (T1) of Rs 61.
A breakdown below (T1) at Rs.61 could trigger a sharp fall till Rs.59 level The 14-period RSI is flat and trading near 50 marks which indicate sideways movement.
Strategy = Go Short on USD till towards 63-64 , SL 65.99 TGT 61/59 (1-3 Months)