100-day EMA caps the USD/INR pair’s rise towards 69.61/62 key resistance confluence. 3-week old trend-line can question near-term sellers. Although Fed-led rally propelled the USD/INR pair to the five-week high during the early Asian session, the quote fails to clear 100-day EMA as it drops to 69.070 ahead of the European open on Thursday. 23.6% Fibonacci retracement of May – July downpour around 68.90 offers immediate support to the pair, a break of which will highlight 3-week old rising trend-line at 68.70. In a case where prices keep declining past-68.70, bears’ won’t refrain from targeting yearly low around 68.25. On the contrary, pair’s upside beyond 100-day exponential moving average (EMA) level of 69.42 may find have to clear 69.61/62 resistance confluence including 200-day EMA and 50% Fibonacci retracement in order to justify its strength towards targeting 70.00 round-figure. 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 Cryptocurrency exchange Bitfinex Exchange to go offline on August 1 FX Street 4 years 100-day EMA caps the USD/INR pair's rise towards 69.61/62 key resistance confluence. 3-week old trend-line can question near-term sellers. Although Fed-led rally propelled the USD/INR pair to the five-week high during the early Asian session, the quote fails to clear 100-day EMA as it drops to 69.070 ahead of the European open on Thursday. 23.6% Fibonacci retracement of May - July downpour around 68.90 offers immediate support to the pair, a break of which will highlight 3-week old rising trend-line at 68.70. In a case where prices keep declining past-68.70, bears' won't refrain from targeting yearly low around 68.25. On… 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.
