EURO INR Future Chart Technical Analysis
Euro rupee future of December expiry on last trading session closed at 82.15 with huge gain. In last 5 trading session’s euro rallied from 79.6 to high of 82.75 means almost 3 rupee plus gains for euro within a week. First euro hit recovery target of 81.2 and after breakout above it hit December bullish target of 82.75. Above 82.75 next level will be around 85.8 rupees. Above 81.2 euro now will remain buy on dips with stoploss. On daily chart, euro moving averages supports are around 81.8 and then 81.3 rupee levels. Indicators are bullish and approaching overbought zones.
From medium to long term view, euro looking oversold and might show fresh highs in longer terms against rupee.
For genuine NSE Currency tips with support and follow ups, subscribe to our Forex advisory services.
0 comments:
Post a Comment