EUR/INR may fall to 87.431 - 88.102

Our pivot point is at 90.566.

Our preference

The downside prevails as long as 90.566 is resistance.

Alternative scenario

Above 90.566, look for 91.696 and 92.369.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 89.724 and 89.894).

Supports and resistances

92.369 **

91.696 *

90.566 **

90.122

89.511 last

88.102

87.431 **

86.760 *

86.089 **

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