Euro under pressure as inflation fears send investors to dollar haven - Swastika Investmart
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Daily Currency Market Updates
News in headline:
* Euro under pressure as inflation fears send investors to dollar haven
* Euro dives, dollar rises after Fed's Powell reaffirms hawkish stance
* Rouble heads away from 50 vs dollar as authorities flag interventions
Chart of the day:
USDINR:
USDINR is continuing its bullish momentum and there are no signal of weakness where 79.40-79.50 is an immediate target level. On the downside 78.95 intraday and immediate support level. While below 78.95 lead further weakness toward 78.80-78.70 levels.
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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)
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GBPINR is consolidating where 100.40-10045 are immediate resistance level - Swastika Investm...
![The EUR/INR futures pair has support at 89.60 levels whereas resistance is placed at 90.10 levels - Monarch Networth Capital](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/f7966686f8ed9609c485394654c1275a.jpg)
![EURINR is consolidating in the range of 80.70-81.25 where move above 81.25 can lead some upside towards 81.35-81.50 - Swastika Investmart](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2022/05/c79512faea176ce82dc798872b56dc15.jpg)
![EURINR trading range for the day is 83.7-85.52 - Kedia Advisory](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2021/11/12b23ec0911ed2d76a8b446899c6e08d.jpg)