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CURRENCY OUTLOOK

DAILY CURRENCY MARKET UPDATES

NEWS IN HEADLINE:

* Dollar gains as pound tumbles on cooling UK inflation

* Dollar rebounds on U.S. consumer resilience; sterling slumps

* Dollar bounces from 15-month low on strong core U.S. retail sales

CHART OF THE DAY:

OUTLOOK:

EURINR: EURINR yesterday, given the gap down opening below 92.30 levels and the whole day, it faced resistance from higher levels and closed with a red note around 92.09. Due to the dollar index's strength from lower levels, it is now facing some selling pressure near its life-time high. Technically, on the upside, it has resistance around 92.30, and on the downside, below 92, it may test 91.80–91.60 levels in upcoming sessions.

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