EURINR is continuing its bearish momentum, and there are no signals of recovery where 90.50 is an immediate target level - Swastika Investmart
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CURRENCY OUTLOOK
DAILY CURRENCY MARKET UPDATES
NEWS IN HEADLINE:
* Dollar clings to gains with central banks in focus
* Dollar edges lower at start of key central bank week
* Funds build biggest short dollar position since March 2021: McGeever
CHART OF THE DAY:
OUTLOOK:
EURINR: EURINR is continuing its bearish momentum, and there are no signals of recovery where 90.50 is an immediate target level. On the upside, 91.05 intraday and immediate resistance levels While below 90.50 leads to further weakness towards the 90.30–90.10 zone.
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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)