EUR INR
- As per previous report published on EUR INR , currency failed to close above golden ratio and we witnessed sharp selling from 82.80, and till now its on then weak mode and made a low around 79.80. (Click here to see previous report published on EUR INR).
- Now as per current analysis chart no1 indicates that EURINR is coming down from strong resistance and further weakness is expecting.
- As per expected forcast, EURINR will now find strong support around 79.40, bulls have a hoper for currency to take its support and bounced back, but if EURINR closes and stays below 79.40 then further weakness is expecting. And may have strong grip.
- Intraday trading tips - Close watch once EURINR starts trading below 79.40 during forex trading hours, if holds below 79.40 then intraday weakness is expecting.
- Suggested Reading - USD INR has formed doji in monthly chart, sharp movement is expecting in coming days.
- As per graph no3, EURINR is moving in a down channel patterns, so as long as moving in between channel currency will favor bears, but once EURINR comes out from down channelaand breaks on upper side then currency will show first sign of bulls.
- Even EURINR major trend indicator "MACD" and "stochastic oscillator" is moving in a -ve zone and as long as they in -ve they will indicate further fall.
- Click here to see all the forecast (trading tips) reports published by us on EURINR.
- Currency Forecast
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