EUR/INR may rise to 91.739 - 92.370

Our pivot point is at 89.340.

Our preference

The upside prevails as long as 89.340 is support.

Alternative scenario

Below 89.340, expect 88.283 and 87.653.

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 90.094 and 89.832).

Supports and resistances

93.634 **

93.002 *

92.370 **

91.739

90.439 last

89.756

89.340 **

88.283 *

87.653 **

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