01-01-1970 12:00 AM | Source: Swastika Investmart Ltd
The EURINR is consolidating in a narrow range, and further moves will be seen after the range breakout - Swastika Investmart
News By Tags | #2767 #2911

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CURRENCY OUTLOOK

DAILY CURRENCY MARKET UPDATES

NEWS IN HEADLINE

* Dollar slips as upbeat euro zone business activity data lifts euro

* Lula floats shared 'trading currency' during Argentina trip

* Dollar remains unloved; sterling drops on weak retail sales

 

CHART OF THE DAY:

OUTLOOK: The EURINR is consolidating in a narrow range, and further moves will be seen after the range breakout. Where 88.20-88.60 will be the first support area while 87.7 are the next critical support levels. On the upside, 88.90–89.00 levels have a minor hurdle; above this, we can expect 89.20.60–89.40 levels.

 

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