EUR/INR may rise 411 - 541 pips

Our pivot point stands at 91.524.

Our preference

As long as 91.524 is support look for 92.325.

Alternative scenario

Below 91.524, expect 91.306 and 91.177.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 91.509 and 91.246). Finally, the EUR/INR has crossed above its upper Bollinger band (91.758).

Supports and resistances

92.584 **

92.454 *

92.325 **

92.195

91.784 last

91.609

91.524 **

91.306 *

91.177 **

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