EUR/INR may rise 324 - 468 pips

Our pivot point stands at 92.853.

Our preference

As long as 92.853 is support look for 93.512.

Alternative scenario

Below 92.853, expect 92.610 and 92.465.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 93.030 and 92.823).

Supports and resistances

93.802 **

93.657 *

93.512 **

93.368

93.044 last

92.948

92.853 **

92.610 *

92.465 **

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