EUR/INR may rise to 93.443 - 94.230

Our pivot point is at 90.599.

Our preference

The upside prevails as long as 90.599 is support.

Alternative scenario

Below 90.599, expect 89.279 and 88.494.

Comment

The RSI is above its neutrality area at 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 91.181 and 90.482).

Supports and resistances

95.805 **

95.017 *

94.230 **

93.443

91.672 last

91.117

90.599 **

89.279 *

88.494 **

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