EUR/INR may rise 224 - 322 pips

90.212 is our pivot point.

Our preference

The upside prevails as long as 90.212 is support.

Alternative scenario

Below 90.212, expect 90.047 and 89.949.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 90.323 and 90.260).

Supports and resistances

90.885 **

90.787 *

90.689 **

90.591

90.367 last

90.276

90.212 **

90.047 *

89.949 **

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