EUR/INR may fall 227 - 341 pips

Our pivot point stands at 90.552.

Our preference

The downside prevails as long as 90.552 is resistance.

Alternative scenario

The upside breakout of 90.552, would call for 90.742 and 90.856.

Comment

The RSI is below 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 90.410 and 90.418).

Supports and resistances

90.856 **

90.742 *

90.552 **

90.477

90.323 last

90.096

89.982 **

89.869 *

89.755 **

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