EUR/INR may rise to 91.863 - 92.575

89.344 is our pivot point.

Our preference

The upside prevails as long as 89.344 is support.

Alternative scenario

Below 89.344, expect 88.150 and 87.439.

Comment

The RSI is above 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 89.728 and 90.002).

Supports and resistances

93.999 **

93.287 *

92.575 **

91.863

90.314 last

89.813

89.344 **

88.150 *

87.439 **

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