USDINR is consolidating in narrow range and further move will be seen after the range breakout - Swastika Investmart
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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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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory
