EUR/INR may rise 266 - 394 pips

90.327 is our pivot point.

Our preference

The upside prevails as long as 90.327 is support.

Alternative scenario

The downside breakout of 90.327 would call for 90.112 and 89.984.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 90.406 and 90.363). Finally, the EUR/INR has crossed above its upper Bollinger band (90.515).

Supports and resistances

91.190 **

91.063 *

90.935 **

90.807

90.541 last

90.411

90.327 **

90.112 *

89.984 **

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