EUR/INR may rise to 94.780 - 95.780

Our pivot point stands at 91.301.

Our preference

As long as 91.301 is support look for 95.780.

Alternative scenario

Below 91.301, expect 89.623 and 88.625.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the pair is trading under its 20 period moving average (93.021) but above its 50 period moving average (91.809).

Supports and resistances

97.781 **

96.781 *

95.780 **

94.780

92.671 last

91.960

91.301 **

89.623 *

88.625 **

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