EUR/INR may rise 328 - 484 pips

91.583 is our pivot point.

Our preference

The upside prevails as long as 91.583 is support.

Alternative scenario

The downside breakout of 91.583 would call for 91.322 and 91.166.

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 91.769 and 91.698).

Supports and resistances

92.638 **

92.482 *

92.327 **

92.171

91.843 last

91.685

91.583 **

91.322 *

91.166 **

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