The GBPINR broke its important support in the last trading session - Swastika Investmart
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CURRENCY OUTLOOK
DAILY CURRENCY MARKET UPDATES
NEWS IN HEADLINE
* EUR/USD edges lower, and tests 1.0750 support as a triple bottom stays in play
* GBP/USD recedes and consolidates around1.2230 on mixed UK data, strong US Dollar
* EUR/USD: Seen at 1.05 in three months – Rabobank
CHART OF THE DAY
OUTLOOK
GBPINR: The GBPINR broke its important support in the last trading session; more downside may be seen in the upcoming days; however, 100.80 is an immediate resistance level, and on the downside, 100.40 acts as a support. If it moves above 100.80, it can lead some upside momentum towards 101.20, while if it slips below 100.40, it may head towards the 99.80-100.00 zone..
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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory
