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01-01-1970 12:00 AM | Source: Swastika Investmart Ltd
EURINR is trading below its important moving average and overall structure is weak - Swastika Investmart
News By Tags | #2767 #2911

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CURRENCY OUTLOOK

DAILY CURRENCY MARKET UPDATES

NEWS IN HEADLINE:

* EUR/JPY bulls are in town and eye a break of 144.00

* EUR/GBP looks upside to near 0.8850 ahead of UK-EU discussions on Brexit deal

* EUR/USD skates on thin ice around 1.0550 amid hawkish ECB talks, higher Fed rate concerns

OUTLOOK:

EURINR: EURINR is trading below its important moving average and overall structure is weak , however 87.50 is immediate support level and on the upside 88.00 act as a resistance , where move above 88.00 it can lead some upside momentum towards 88.20 while if it slips below 87.50 it may head towards 87.20-87.00 zone.

 

 

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