EUR/INR may fall to 87.352 - 88.049

Our pivot point is at 90.569.

Our preference

The downside prevails as long as 90.569 is resistance.

Alternative scenario

Above 90.569, look for 91.743 and 92.441.

Comment

The RSI is below its neutrality area at 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 89.999 and 89.858).

Supports and resistances

92.441 **

91.743 *

90.569 **

90.108

89.514 last

88.049

87.352 **

86.655 *

85.958 **

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