EUR/INR may fall 332 - 488 pips

91.883 is our pivot point.

Our preference

The downside prevails as long as 91.883 is resistance.

Alternative scenario

The upside breakout of 91.883, would call for 92.144 and 92.299.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 91.659 and 91.654).

Supports and resistances

92.299 **

92.144 *

91.883 **

91.781

91.621 last

91.289

91.133 **

90.978 *

90.823 **

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