Dollar hits four-month high on euro as markets bet on earlier Fed taper - Swastika Investmart
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2021/08/48b669933ffdfa52ece92186fbba8c41.jpg)
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News in headline:
* Dollar hits four-month high on euro as markets bet on earlier Fed taper
* Speculators' bullish bets on U.S. dollar fall -CFTC, Reuters data
* EURJPY Price: Double Bottom Chart Pattern at $129.6, Price Increase Envisaged
Chart of the day:
The day trend in EURINR is indicating sideways to downside move making lower lows and lower followed by the trendline and supertrend so selling can be done at higher levels.
Technical View:
* The mixed move 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)