EUR/INR may fall 298 - 422 pips

Our pivot point is at 93.005.

Our preference

Eye 92.417.

Alternative scenario

Above 93.005, look for 93.214 and 93.338.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the pair is trading under its 20 period moving average (92.864) but above its 50 period moving average (92.803).

Supports and resistances

93.338 **

93.214 *

93.005 **

92.923

92.839 last

92.541

92.417 **

92.292 *

92.168 **

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