EUR/INR may rise to 92.566 - 93.283

Our pivot point stands at 90.005.

Our preference

The upside prevails as long as 90.005 is support.

Alternative scenario

Below 90.005, expect 88.803 and 88.088.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 90.021 and 90.129).

Supports and resistances

94.717 **

94.000 *

93.283 **

92.566

91.103 last

90.477

90.005 **

88.803 *

88.088 **

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