EUR/INR may fall to 89.280 - 90.018

92.683 is our pivot point.

Our preference

The downside prevails as long as 92.683 is resistance.

Alternative scenario

The upside breakout of 92.683, would call for 93.925 and 94.664.

Comment

The RSI is below its neutrality area at 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 92.633 and 92.730).

Supports and resistances

94.664 **

93.925 *

92.683 **

92.195

91.609 last

90.018

89.280 **

88.542 *

87.805 **

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