EUR/INR may fall 223 - 309 pips

Our pivot point stands at 90.952.

Our preference

The downside prevails as long as 90.952 is resistance.

Alternative scenario

The upside breakout of 90.952, would call for 91.095 and 91.181.

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 stands below its 20 and 50 period moving average (respectively at 90.893 and 90.852).

Supports and resistances

91.181 **

91.095 *

90.952 **

90.896

90.839 last

90.616

90.530 **

90.445 *

90.359 **

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