USD/INR pulls back from 100-day EMA for the second time since late-September. A seven-week-old falling trend line limits the pair’s upside. Having registered third U-turn from 100-day EMA, USD/INR takes the bids to 70.87 while heading into the European session on Thursday. The pair now aims to confront 71.30 immediate resistance. However, a falling trend-line since September-start and 50% Fibonacci retracement of October 2018 to July 2019 downpour, around 71.60/62 could limit the pair’s further upside. In a case where prices rally beyond 71.62, 61.8% Fibonacci retracement of 72.38 and yearly high close to 72.65 will be on the bulls’ radar. Alternatively, pair’s declines below 100-day EMA level of 70.67 could trigger fresh downside to June month high near 70.12 ahead of highlighting 70.00 to sellers. It’s worth mentioning that pair’s south-run past-23.6% Fibonacci retracement, at 69.80, could reprint 69.30 on the chart. 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 Riksbank: Rates are fully expected to remain on hold today – TDS FX Street 3 years USD/INR pulls back from 100-day EMA for the second time since late-September. A seven-week-old falling trend line limits the pair's upside. Having registered third U-turn from 100-day EMA, USD/INR takes the bids to 70.87 while heading into the European session on Thursday. The pair now aims to confront 71.30 immediate resistance. However, a falling trend-line since September-start and 50% Fibonacci retracement of October 2018 to July 2019 downpour, around 71.60/62 could limit the pair's further upside. In a case where prices rally beyond 71.62, 61.8% Fibonacci retracement of 72.38 and yearly high close to 72.65 will be on the bulls'… 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.
