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Dealmoney - Commodity Daily - 20-Jan-20	Download pdf

EURINR

• EURINR after making recent low of 78.79, moved to high of 79.31 levels

• There are multiple resistance around these levels

• Falling trend line as well as 50 DMA are placed between 79.35 to 79.50 levels

• In Friday’s session pair also formed bearish candle at this level

• This indicates selling pressure or bears  are having upper hand

• Intraday trader can initiate short position keeping stop loss to 79.50