EUR/INR may rise 175 - 260 pips

Our pivot point is at 90.672.

Our preference

As long as 90.672 is support look for 91.089.

Alternative scenario

Below 90.672, expect 90.529 and 90.444.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 90.816 and 90.531).

Supports and resistances

91.260 **

91.175 *

91.089 **

91.004

90.829 last

90.729

90.672 **

90.529 *

90.444 **

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