Dollar ascendant as Powell stays dovish course; risk currencies slide - Swastika Investmart
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News in headline:
* Dollar ascendant as Powell stays dovish course; risk currencies slide
* Euro to US Dollar (EUR/USD) Exchange Rate Rangebound as Outlook for Eurozone Economy Darkens
* Dollar Rises to Touch 108 Versus Yen for First Time Since July
Chart For The Day
The day trendin EURINR is indicating sideways to downside move followed by moving average on the daily chart which indicates sell signal so one can go with sell on rise strategy.
Technical View:
* The mixed move to downside can be seen in currency.
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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)
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The USDINR pair faced some selling pressure near the 83.40 zone, which kept it under pr...
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