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CURRENCY OUTLOOK

DAILY CURRENCY MARKET UPDATES

NEWS IN HEADLINE

* BoA on the FOMC, +25bp & guidance of more to come. BoA forecast EUR/USD lower

* EUR/GBP displays a responsive buying action near 0.8750 as focus shifts to German GDP

* GBP/USD bulls and bears battle it out at the start of week ahead of central banks, Fed, BoE

CHART OF THE DAY

OUTLOOK:

USDINR: USDINR is consolidating in narrow range and further move will be seen after the range breakout , however 81.40 is immediate support level and on the upside 81.80 act as a resistance, where move above 81.80 it can lead some upside momentum towards 82.20 while if it slips below 81.40 it may head towards 81.0-81.20 zone.

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