EURINR is continuing its bullish momentum after two days of consolidation - Swastika Investmart
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CURRENCY OUTLOOK
DAILY CURRENCY MARKET UPDATES
NEWS IN HEADLINE:
* US dollar edges higher as GDP, jobless claims affirm rate hike bets
* Analysis-China's small steps on offshore use of yuan are starting to add up
* Dollar weakens ahead of U.S. GDP release
CHART OF THE DAY:
OUTLOOK:
EURINR: EURINR is continuing its bullish momentum after two days of consolidation, where 90.60 is the intraday immediate target level. On the upside, 90.80 is an immediate resistance level, while below 90.40, further weakness will be seen in the upcoming sessions as it may head towards 90.20–90.00 levels again.
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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory
