EUR/INR may fall 284 - 392 pips

Our pivot point stands at 90.839.

Our preference

The downside prevails as long as 90.839 is resistance.

Alternative scenario

Above 90.839, look for 91.020 and 91.128.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 90.765 and 90.832).

Supports and resistances

91.128 **

91.020 *

90.839 **

90.767

90.692 last

90.408

90.300 **

90.193 *

90.085 **

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