EUR/INR may rise 204 - 288 pips

Our pivot point stands at 89.732.

Our preference

Rebound towards 90.166.

Alternative scenario

Below 89.732, expect 89.590 and 89.505.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 89.913 and 90.240).

Supports and resistances

90.336 **

90.251 *

90.166 **

90.082

89.878 last

89.788

89.732 **

89.590 *

89.505 **

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