EUR/INR may rise 192 - 286 pips

Our pivot point is at 90.189.

Our preference

The upside prevails as long as 90.189 is support.

Alternative scenario

The downside breakout of 90.189 would call for 90.032 and 89.939.

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 trading above both its 20 and 50 period moving average (respectively at 90.259 and 90.220).

Supports and resistances

90.809 **

90.715 *

90.622 **

90.528

90.336 last

90.251

90.189 **

90.032 *

89.939 **

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