EURINR is trading below its important moving average and overall structure is weak - Swastika Investmart
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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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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory
