Dollar flat after more evidence of rising inflation - Swastika Investmart Ltd
News in headlines:
* Dollar flat after more evidence of rising inflation
* GBPUSD Price May Pull Back Towards $1.40 Before Bearish Trend Continues
* Euro Pound Exchange Rate Edges Higher as German Economic Sentiment Improve
Chart of the day:
USDINR (27 may) is moving near at it’s support of the descending trendline and it is near retesting level from this level it may move bounce back to upside. However, it’s upside move is capping via 50 days SMA’s. So, based on these analysis we can see sideways move in the EURINR for the day.
Technical View:
* Sideways move can be seen in currency for the day.
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