USD/INR fails to respect bearish candlestick as it recovers from 74.79. 21-day SMA exerts immediate downside pressure around monthly falling trendline. 74.45 becomes the key support to watch for the bears. USD/INR picks up the bids around 74.84 during the initial Indian session on Thursday. The pair formed a bearish candlestick, spinning top, the previous day. However, the latest pullback from the monthly support line seems to question the further downside. Even so, a 21-day SMA level of 74.88 restricts the pair’s nearby upside, which in turn holds the gate for the pair’s rise towards 75.00 and July 14 high of 75.51. It should, however, be noted that the pair needs to close past-75.10 to confirm the negligence of the previous day’s candlestick formation. On the downside, 74.60 and lows marked on July 06 and 21 around 74.45 become the strong support to watch. If the bears dominate below 74.45, March 27 bottom of 74.15 and 74.00 round-figure will pop-up on their radar. 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 Ripple Price Prediction: XRP/USD blasting to $0.25 after bouncing off $0.24 support FX Street 3 years USD/INR fails to respect bearish candlestick as it recovers from 74.79. 21-day SMA exerts immediate downside pressure around monthly falling trendline. 74.45 becomes the key support to watch for the bears. USD/INR picks up the bids around 74.84 during the initial Indian session on Thursday. The pair formed a bearish candlestick, spinning top, the previous day. However, the latest pullback from the monthly support line seems to question the further downside. Even so, a 21-day SMA level of 74.88 restricts the pair’s nearby upside, which in turn holds the gate for the pair’s rise towards 75.00 and July 14 high… 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.
