EUR/INR may rise 345 - 490 pips

93.008 is our pivot point.

Our preference

The upside prevails as long as 93.008 is support.

Alternative scenario

Below 93.008, expect 92.764 and 92.619.

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 93.087 and 93.035).

Supports and resistances

93.999 **

93.854 *

93.708 **

93.563

93.218 last

93.103

93.008 **

92.764 *

92.619 **

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