Euro to US Dollar Exchange Rate Edges Higher as Germany’s Economy Continues to Recover - Swastika Investmart Ltd
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News in headlines:
* Dollar stuck near 5-month low as caution reigns ahead of U.S. CPI, ECB tests
* Euro to US Dollar Exchange Rate Edges Higher as Germany’s Economy Continues to Recover
* Economic Data from Germany and the BoC Put the EUR and the Loonie in Focus
Chart of the day:
The day trend in GBPINR is indicating sideways to downside move as facing resistance on daily chart and selling pressure has been seen from that level so once again selling can be done in it.
Technical View:
* The mixed move can be seen in currency
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STOCK PICKS OF THE WEEK
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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)