Dollar Recovery Over, but Fed Could Spark Second Wave of Strength - Swastika Investmart
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2021/04/054c70dedcdb77ac2c5c99bfff4d1997.jpg)
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News in headline:
* Dollar Recovery Over, but Fed Could Spark Second Wave of Strength
* Pound US Dollar Exchange Rate Rebounds, Rocketing to Monthly Peaks
* Euro US Dollar Exchange Rate Reaches New Month Best as USD Continues to Tumble
Chart of the day:
The day trend in GBPINR is showing upside move as breaking the resistance with good buying volume and managed to give closing above it so one can go long in it with buy on dips strategy as some profit booking might be seen at higher levels
Technical View:
* The mixed to upside move can be seen in currency but may face resistance
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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory
![Euro remained under pressure on Thursday amid weaker set of economic numbers from Euro zone - ICICI Direct](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/c49d5573f54fd1fe07309fbce5369a52.jpg)
![USDINR is trading near all time low and we might see some RBI intervention but as long as 82.80 - Tradebulls Securities](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/0732326f21b0692a41afc4432d1a7a56.jpg)
![GBPINR broke down below its 100 DMA yesterday and closed with a big bearish candle around 103.82 - Swastika Investmart](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/842b8e5254d53919452a82c7f06190bd.jpg)