EUR/INR may rise 326 - 459 pips

Our pivot point is at 93.550.

Our preference

The upside prevails as long as 93.550 is support.

Alternative scenario

Below 93.550, expect 93.328 and 93.196.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 93.709 and 93.686).

Supports and resistances

94.496 **

94.363 *

94.231 **

94.098

93.772 last

93.637

93.550 **

93.328 *

93.196 **

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