EUR/INR may fall 246 - 359 pips

91.996 is our pivot point.

Our preference

The downside prevails as long as 91.996 is resistance.

Alternative scenario

The upside breakout of 91.996, would call for 92.187 and 92.300.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 91.855 and 91.889).

Supports and resistances

92.300 **

92.187 *

91.996 **

91.921

91.830 last

91.584

91.471 **

91.357 *

91.244 **

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