USD/INR bounces off 50-bar EMA. 100-bar EMA, 50% Fibonacci retracement and a two-week-old rising trend line together constitute strong support. USD/INR bounces off 50-bar EMA while taking the bids to 71.72 during a pre-European session on Monday. The pair now heads towards the monthly top nearing 72.37 whereas the September month peak near 72.63 and December month high around 72.82 can entertain buyers ahead of diverting them to 73.00 round-figure. On the contrary, pair’s declines below 50-bar Exponential Moving Average (EMA) level of 71.58 could drag the quote to 71.40/35 key support confluence including 100-bar EMA, two-week-old rising trend line and 50% Fibonacci retracement of September-November upside. If bears manage to conquer 71.35 on a daily closing basis, 61.8% Fibonacci retracement around 71.12, 70.70 and monthly bottom close to 70.50 could come back to the charts. USD/INR 4-hour chart Trend: Bullish 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 Moody’s: Reduced Australian growth forecast to 2.2% for 2020 FX Street 3 years USD/INR bounces off 50-bar EMA. 100-bar EMA, 50% Fibonacci retracement and a two-week-old rising trend line together constitute strong support. USD/INR bounces off 50-bar EMA while taking the bids to 71.72 during a pre-European session on Monday. The pair now heads towards the monthly top nearing 72.37 whereas the September month peak near 72.63 and December month high around 72.82 can entertain buyers ahead of diverting them to 73.00 round-figure. On the contrary, pair's declines below 50-bar Exponential Moving Average (EMA) level of 71.58 could drag the quote to 71.40/35 key support confluence including 100-bar EMA, two-week-old rising trend line… 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.
