EURO Rupee Future Daily Chart Technical Analysis
Euro rupee future of December expiry on last trading session closed at 81.48 with loss. This we saw 2 positive and 3 negative days for euro. Euro after breakout above 81.2 hit my December swing target of 82.75 exactly and now correcting and consolidating towards 81.2 support zone. Euro future above 81.2 will remain bullish and buy and accumulate for targets 82.75 and then possibly 85.8 rupees. Daily chart indicators are mixed but overbought so if euro slips below 81.2 then that will be fresh selling opportunity with stoploss. Below 81.2 euro might slump up to 78.5 to 76.5 rupee on strong selling. So traders here keep wait and watch strategy and go long or short according to levels.
Euro rupee future weekly chart technical analysis
Euro rupee future on weekly chart showing gains for this week. This was second gaining week for euro and in these 2 weeks we saw euro recovered from 79.6 low to 82.75 highs. Means 3 rupee plus gains in 2 weeks’ timeframe. On weekly char euro taken support around 80.4 and now heading towards 84.3 levels. Below 80.4 expect downside up to 74.5 rupees in longer terms.
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