EURINR is continuing its bearish momentum and there are no signal of recovery where 88.60 - Swastika Investmart
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CURRENCY OUTLOOK
DAILY CURRENCY MARKET UPDATES
NEWS IN HEADLINE:
* Data boosts dollar, euro dips as Germany enters recession
* The end of King Dollar? The forces at play in de-dollarisation
* Dollar in demand after Fitch signals possible U.S. rating downgrade
CHART OF THE DAY:
OUTLOOK:
EURINR: EURINR is continuing its bearish momentum and there are no signal of recovery where 88.60 is an immediate target level. On the upside 89.10 intraday and immediate resistance level. While below 88.60 lead further weakness toward 88.50- 88.35 zone.
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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)