USD/INR extends the previous day’s losses further towards the six-week-old support line.
The monthly resistance trend line can check buyers past-21-day SMA.
USD/INR drops to 55.36, down 0.57% on a day, during the pre-Europe session on Friday. The pair took a U-turn from 21-day SMA the previous day
The euro lost the 1.0818 handle as it extended declines from the previous session.
However, prices are now trading near the trend line form the daily chart.
Overall, the EURUSD is consolidating into an ascending triangle pattern.
However, this will depend if the common currency can stall further dec
Stocks were higher at the open. But from the start of the U.S. session, stocks had a difficult time holding onto early gains.
Before markets opened the ADP Non-Farm Employment report showed that 20.2 million jobs were lost last month in the private sector. But on the bright side, the forecast was 20