EURINR: The EURINR managed to close above its horizontal resistance after - Swastika Investmart
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CURRENCY OUTLOOK
DAILY CURRENCY MARKET UPDATES
NEWS IN HEADLINE
* EUR/GBP aims to recapture 0.8900 as higher German Inflation solidifies hawkish ECB bets
* GBP/JPY snaps two-day losing streak below 164.00 amid firmer yields, BoE vs. BoJ divergence
* NZD/USD bears step in at the highs and pressure below 0.6250
CHART OF THE DAY
OUTLOOK
EURINR: The EURINR managed to close above its horizontal resistance after the gap-up opening, but the overall structure is weak. However, however 87.80 is an immediate support level, and on the upside, 88.40 acts as a resistance. If it moves above 88.40, it can lead some upside momentum towards 88.80, while if it slips below 87.80, it may head towards the 87.20-87.40 zone..
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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory
