Dollar falls against commodity currencies but holds gains versus yen - Swastika Investmart
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News in headline:
* Dollar falls against commodity currencies but holds gains versus yen
* Euro to US Dollar (EUR/USD) Exchange Rate Rangebound as Outlook for Eurozone Economy Darkens
* EURO PRICE TO WEAKEN IF ECB STEPS UP BOND PURCHASE
Chart For The Day
The day trend in EURINR is indicating sideways to downside move followed by moving average and making lower lows and lower high formation indicating weakness 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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Tag News
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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)