Central Banks preparing to stimulate
The world’s stock markets are in the full grip of Coronavirus outbreak and Suadi-Russian price war of OPEC, it has been substantiated in the stock market rally overnight in the US.
Even today Bank of England showing its affirmation over stimulate in order to boost the economy and getting rid of coronavirus effect which could jolt the world economy.
However, we believe what we have been seeing in charts as far as the technical perspective of different instruments are concerned, therefore, our view for the supra instruments are as under:-
Sell Below 1.3013 stop loss. 1.3083. Target 1.2805&1.2750 zone
Selling Area: 1.13822 to 1.14045. Target. 1.12280. Stop loss. 1.14689.
Selling area from; 1668. to 1689. Stop loss. 1687. Target. 1635.
Sell @7884. with stop loss. 8042. For targeting. 7428.