EURO RUPEE CDS analysis for 10th january 2019
eur inr future on last trading session closed at 81 with huge gains. as expected euro future hit bottom at 79.5 and strong reocvery and short covering rally hit 80.9 recovery target.
euro rupee future above 80.9 will remain buy and accumulate for targets 82 and above !!
below 80.9, uptrend will fizzle out !!
euro rupee future from long term view has strong support at 80.95 and above it on weekly closing basis keep long investment view for targets 85.7 and above in this year 2019 !!
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