USD/INR eases from the intraday high of 73.69. 200-day SMA probes candlestick suggesting another run-up to one-month high. Fresh selling can wait for breaking Friday’s low. USD/INR drops to 73.59, down 0.15% intraday, during the initial Indian session on Monday. In doing so, the pair defies Friday’s Doji candlestick on the daily chart that suggests a bullish move following the Thursday’s pullback from the monthly high. However, the bears need a clear break of Friday’s low of 73.58 to defy the bullish candlestick formation and attack an upward sloping trend line from September 01, at 73.41. Should USD/INR sellers conquer 73.41 on a daily closing, the September 18 low of 73.20 can offer an intermediate drop towards the 73.00 round-figures and then to the monthly bottom surrounding 72.75. Meanwhile, an upside clearance of the 200-day EMA level of 73.82 needs to cross the 74.02 level, comprising the current month’s peak, to regain the buyers’ confidence. In that case, the USD/INR bulls may target the August 25 top close to 74.50 during further upside. 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 EUR/USD risks a move below 1.1600 – UOB FX Street 2 years USD/INR eases from the intraday high of 73.69. 200-day SMA probes candlestick suggesting another run-up to one-month high. Fresh selling can wait for breaking Friday’s low. USD/INR drops to 73.59, down 0.15% intraday, during the initial Indian session on Monday. In doing so, the pair defies Friday’s Doji candlestick on the daily chart that suggests a bullish move following the Thursday’s pullback from the monthly high. However, the bears need a clear break of Friday’s low of 73.58 to defy the bullish candlestick formation and attack an upward sloping trend line from September 01, at 73.41. Should USD/INR sellers conquer… 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.
