EUR/INR may fall 213 - 319 pips

91.313 is our pivot point.

Our preference

As long as 91.313 is resistance look for 90.769.

Alternative scenario

Above 91.313, look for 91.491 and 91.598.

Comment

The RSI is below 50. The MACD is positive and above its signal line. The break above the 50 area on the RSI should trigger further gains. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 91.103 and 91.093).

Supports and resistances

91.598 **

91.491 *

91.313 **

91.243

91.088 last

90.875

90.769 **

90.663 *

90.557 **

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