EUR/INR may rise to 92.167 - 92.954

Our pivot point stands at 89.354.

Our preference

The upside prevails as long as 89.354 is support.

Alternative scenario

Below 89.354, expect 88.033 and 87.247.

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 89.864 and 89.847).

Supports and resistances

94.530 **

93.742 *

92.954 **

92.167

90.472 last

89.873

89.354 **

88.033 *

87.247 **

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