EUR/INR may fall to 87.235 - 87.947

Our pivot point is at 90.634.

Our preference

The downside prevails as long as 90.634 is resistance.

Alternative scenario

The upside breakout of 90.634, would call for 91.835 and 92.550.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 90.152 and 89.811).

Supports and resistances

92.550 **

91.835 *

90.634 **

90.162

89.386 last

87.947

87.235 **

86.523 *

85.810 **

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