EURO Rupee Future Daily Chart Technical Analysis
Euro rupee future of December expiry on last trading session closed at 80.26 with gain. This we saw 1 positive and 4 negative days for euro. Euro after breakout above 81.2 hit my December swing target of 82.75 exactly and then failed to hold 81.2 major support level. Then on breakdown we saw low of 79.72 rupees in this week. Euro below 81.2 will remain weak and sell for targets 78.2 and then possibly might show lower levels up to 76.6 rupees.
Euro rupee future weekly chart technical analysis
Euro rupee future on weekly chart showing big loss for this week. This was first losing week for euro after last 2 weeks recovery. This week we almost saw 2 rupee drop from the top in euro and on weekly chart given fresh sell signal. Euro now trading below all major weekly averages with sell signal on indicators and oscillators. From long term view, euro below 80.4 will remain weak and correct towards 74.3 rupee levels.
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