EUR/INR may rise 204 - 305 pips

Our pivot point is at 89.560.

Our preference

As long as 89.560 is support look for 90.076.

Alternative scenario

The downside breakout of 89.560 would call for 89.390 and 89.289.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 89.634 and 89.406).

Supports and resistances

90.278 **

90.177 *

90.076 **

89.975

89.771 last

89.626

89.560 **

89.390 *

89.289 **

Number of asterisks represents the strength of support and resistance levels.