USD/INR remains mildly positive despite the latest pullback. 100-day EMA, the bearish formation’s support becomes the tough nut to crack for sellers. The pattern’s resistance line, 23.6% Fibonacci retracement offers the key upside barriers. USD/INR registers minor gains of around 0.13% while taking the bids to 71.43 amid the initial Indian session on Tuesday. The pair portrays a bearish technical pattern on the daily chart. With the pair’s repeated failures to take-out 38.2% Fibonacci retracement of its December 11, 2019, to January 08, 2020 upside, odds are high for its gradual declines to 71.22/20 support confluence including 100-day EMA and the bearish formation’ support. However, the pair’s declines below 71.20 on a daily closing basis will trigger a fresh downside to the yearly bottom surrounding 70.60 and then to December month lows near 70.30. Meanwhile, an upside clearance of 38.2% Fibonacci retracement, at 71.70, could push the pair towards the 72.00 resistance confluence including the pattern’s resistance and 23.6% Fibonacci retracement. It’s worth mentioning that the pair’s ability to cross 72.00 defies the downside favoring pattern and will push the quote towards January month top close to 72.60. USD/INR daily chart Trend: Pullback expected 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 Monero Price Analysis: XMR/USD bulls make a comeback after finding support on the SMA 20 curve FX Street 2 years USD/INR remains mildly positive despite the latest pullback. 100-day EMA, the bearish formation’s support becomes the tough nut to crack for sellers. The pattern’s resistance line, 23.6% Fibonacci retracement offers the key upside barriers. USD/INR registers minor gains of around 0.13% while taking the bids to 71.43 amid the initial Indian session on Tuesday. The pair portrays a bearish technical pattern on the daily chart. With the pair’s repeated failures to take-out 38.2% Fibonacci retracement of its December 11, 2019, to January 08, 2020 upside, odds are high for its gradual declines to 71.22/20 support confluence including 100-day EMA and… 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.