Dollar tries to build rally, eyes major euro bulwark - Swastika Investmart Ltd
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News in headline:
* Dollar tries to build rally, eyes major euro bulwark
* Euro Pound (EUR/GBP) Exchange Rate Falls as UK Manufacturing PMI Hits its Highest Level Since 1994
* Dollar rallies as risk appetite dims, after Yellen's comments on rates
Chart of the day:
The day trend in EURINR is indicating sideways to downside move making lower lows and lower high with huge selling volume which indicates sell signal so one can follow sell on rise strategy.
Technical View:
* The sideways 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)