Forex Market News

Sell EURINR Around 71.20; Target of 70.55

EURINR Dec futures opened flat and prices consolidated for half of the session in the range of 70.80 Price broke the range on the higher side and made a high of 71.10.
Prices have been falling sharply after breaking below its 50% Fibonacci retracement level of 71.95 and are expected to fall further towards next strong support placed at its 61.8% Fibonacci retracement level of 70.54.
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