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USDINR

USDINR opened with a downward gap however buying momentum throughout the session led it to close on strong note. USDINR closed at 75.03 with a gain of 0.16 %. On the daily chart USDINR has formed a small bullish candle forming higher HighLow formation compare to previous session indicating positive bias. USDINR continue to move in past couple of trading session's High-Low range representing lackluster movement. USDINR is sustaining above its 20day SMA which signals bullish sentiments in near term For the day if USDINR trade and sustains above 75.10 levels then it may move further upward towards 75.25-75.35 levels. On the downside an immediate intraday support is around 74.60 levels. The daily strength indicator RSI and momentum oscillator Stochastic both are in positive territory which supports upside strength

EURINR

EURINR opened with an upward gap and remained in positive terrain throughout the day. EURINR closed at 84.62 with a gain of 1.06 %. On the daily chart EURINR has formed a sizable bullish candle forming higher Highlow compare to previous session indicating positive bias EURINR is moving in a Higher Top and Higher Bottom formation on the hourly chart indicating short term up trend. EURINR is trading below 20 and 50 day SMA's which indicating negative bias in the short term For the day if EURINR trade and sustains above 84.60 levels then it may move further upward towards 84.75-84.85 levels. On the downside an immediate intraday support is around 83.95 levels. The daily strength indicator RSI and momentum oscillator Stochastic both are in positive territory which supports upside strength

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