EUR/INR may rise 221 - 312 pips

Our pivot point stands at 90.298.

Our preference

The upside prevails as long as 90.298 is support.

Alternative scenario

The downside breakout of 90.298 would call for 90.145 and 90.054.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 90.321 and 90.371).

Supports and resistances

90.938 **

90.847 *

90.755 **

90.664

90.443 last

90.358

90.298 **

90.145 *

90.054 **

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