Morning Brief — Monday, August 17, 2026

The Indian rupee is holding a bearish bias near ₹95.42, with RSI at 38.8 and a downward MACD, as overnight dollar strength and a lack of domestic catalysts keep the pair under pressure—watch for a break below ₹95.20 to extend losses. In contrast, EUR/USD trades bullish at 1.1573 with an overbought RSI of 75.8, while MCX Gold remains elevated at ₹135,922/10g with momentum intact, though both face pullback risk at these stretched levels. With no major scheduled events today, traders should focus on technical levels: a sustained move above 1.1600 in EUR/USD or a dip in gold toward ₹134,800 could define the session’s