UK`s Pound Under Siege With Mounting Bets It Will Drop Below $1 - Swastika Investmart
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Daily Currency Market Updates
News in headline:
* UK’s Pound Under Siege With Mounting Bets It Will Drop Below $1
* Brazil does not need to fear recession abroad, strong dollar, says Guedes
* Sudanese head north to Egypt seeking brighter future
Chart of the day:
EURINR: EURINR is continuing its bearish momentum and there are no signal of recovery where 78.40 is an immediate target level. On the upside 79.25 intraday and immediate resistance level. While above 79.25 lead further upside toward 79.50-79.70 levels.
Technical View:
* The mixed move can be seen in the currency.
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Top News
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Rupee trades flat against US dollar
Tag News
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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)