USD/INR Price News: Indian rupee drops back to 38.2% Fibo, this is key support

• USD/INR bulls have dropped back from the 61.8% ratio. 
• USD/INR bulls are resting at the 38.2% Fibo and prepare for another attempt to the 74 figure. 

As per yesterday's analysis, USD/INR Price News: Indian rupee bursts to 61.8% golden ratio target, 74.00 eyed, the bulls have surrendered below critical resistance.

Prior analysis

'... the bulls will need to challenge possible bearish commitments at the 61.8% golden ratio near 73.80.'' 

Live market, daily chart

The price has settled back to the 38.2% Fibonacci level and this guards the low 73s, near 73.10. 

Should the bulls step it up again, a daily impulse could be expected to reach the 74 figure.