USD/INR: Bears hit 38.2% Fibo./200-hour SMA confluence After an initial uptick to levels beyond the 72.00 handle, the USD/INR pair came under some renewed selling pressure and has now eroded a major part of the previous session’s gains. The downtick, also marking the third day of a negative move in the previous four, dragged the pair back closer to a support line marked by 38.2% Fibonacci level of the 70.53-72.37 move up. Read more”¦ Dollar trading below 72.00 against Indian rupee Markets are challenging 71.60 support and the 50 SMA. If the market bounces from here, the spot can revisit the 72.00 handle and possibly the 72.25 resistance if the bulls gather enough steam. On the flip side, a break below 71.60 can see the market decline and trade towards the 71.20 level. Read more”¦ FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Fed’s Williams: Fed has to make sure it is not overreacting to individual data points FX Street 3 years USD/INR: Bears hit 38.2% Fibo./200-hour SMA confluence After an initial uptick to levels beyond the 72.00 handle, the USD/INR pair came under some renewed selling pressure and has now eroded a major part of the previous session's gains. The downtick, also marking the third day of a negative move in the previous four, dragged the pair back closer to a support line marked by 38.2% Fibonacci level of the 70.53-72.37 move up. Read more"¦ Dollar trading below 72.00 against Indian rupee Markets are challenging 71.60 support and the 50 SMA. If the market bounces from here, the spot can revisit… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
