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Published on 14/05/2021 11:06:50 AM | Source: Swastika Investmart Ltd

Dollar flat after more evidence of rising inflation - Swastika Investmart Ltd

Posted in Top Stories| #Currency Tips #Swastika Investmart Ltd

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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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