EUR/INR may rise 261 - 374 pips

Our pivot point stands at 91.689.

Our preference

Rebound towards 92.233.

Alternative scenario

Below 91.689, expect 91.498 and 91.385.

Comment

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 91.867 and 91.936).

Supports and resistances

92.460 **

92.347 *

92.233 **

92.120

91.859 last

91.764

91.689 **

91.498 *

91.385 **

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