EUR/INR may rise 259 - 373 pips

Our pivot point is at 92.049.

Our preference

The upside prevails as long as 92.049 is support.

Alternative scenario

The downside breakout of 92.049 would call for 91.858 and 91.744.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 92.211 and 92.178).

Supports and resistances

92.829 **

92.715 *

92.601 **

92.487

92.228 last

92.124

92.049 **

91.858 *

91.744 **

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