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Daily Currency Market Updates

News in headline:

* Ethereum blockchain to undergo major upgrade to cut energy use

* Dollar Slips, Euro Jumps on Hawkish ECB Stance

* Dollar eases back from recent gains as focus on U.S. inflation data; euro jumps

Chart of the day:

USDINR:

USDINR yesterday witnessing sharp selling pressure from resistance of 79.90 level, on the upside it has an immediate resistance of 79.75, on the downside below 79.55 it may head toward 79.4-79.25 levels. Traders are advised to stay with the momentum with the “Sell on rise” approach.

Technical View:

* The mixed move can be seen in the currency.

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