EUR/INR may rise to 92.219 - 92.812

89.848 is our pivot point.

Our preference

The upside prevails as long as 89.848 is support.

Alternative scenario

Below 89.848, expect 88.857 and 88.266.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 90.300 and 89.841). Finally, the EUR/INR has crossed above its upper Bollinger band (90.908).

Supports and resistances

93.998 **

93.405 *

92.812 **

92.219

90.910 last

90.238

89.848 **

88.857 *

88.266 **

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