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Published on 12/04/2021 9:33:33 AM | Source: Swastika Investmart Ltd

Dollar pinned down by lower U.S. yields, inflation data in focus - Swastika Investmart

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

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News in headline:

* Dollar pinned down by lower U.S. yields, inflation data in focus

* Euro US Dollar Exchange Rate Slips from Fortnight Best as USD Steadies

* GBP/USD falls below 1.3700 mark amid stronger USD, risk-off mood

Chart of the day:

 

The day trend in EURINR is indicating sideways to upside move as making higher highs and higher low formation supported by the moving average on daily chart which indicates buy signal but may face resistance so be cautious.

Technical View:

* The mixed to upside move can be seen in currency but may face resistance.

 

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