Dollar pinned down by lower U.S. yields, inflation data in focus - Swastika Investmart
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News in headline:
* Dollar pinned down by lower U.S. yields, inflation data in focus
* Euro US Dollar Exchange Rate Slips from Fortnight Best as USD Steadies
* GBP/USD falls below 1.3700 mark amid stronger USD, risk-off mood
Chart of the day:
The day trend in EURINR is indicating sideways to upside move as making higher highs and higher low formation supported by the moving average on daily chart which indicates buy signal but may face resistance so be cautious.
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)