EUR/INR may rise 281 - 395 pips

Our pivot point is at 92.068.

Our preference

The upside prevails as long as 92.068 is support.

Alternative scenario

Below 92.068, expect 91.877 and 91.763.

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 trading above both its 20 and 50 period moving average (respectively at 92.176 and 92.197).

Supports and resistances

92.843 **

92.728 *

92.614 **

92.500

92.219 last

92.144

92.068 **

91.877 *

91.763 **

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