EURO Rupee Future Daily Chart Technical Analysis
Euro rupee future of February expiry on last trading session closed at 80.51 with gain. In This week, we saw 3 positive and 2 negative days for euro. Euro as after breakdown below 81.3 hit my bearish target of 80.2 rupees and now taken support around those levels and bouncing back towards 81.3 rupee level. If prices slips below 80.2 then expect deep downside up to 78.5 rupees. Daily chart price and indicators signals are mixed.
Euro rupee future weekly chart technical analysis
Euro rupee future on weekly chart showing loss for this week. This was second losing week for euro and in these 2 weeks euro slipped from high of 83 to low of 80 rupees. This week we almost saw almost 1 rupee range and weak closing. On weekly chart euro facing strong hurdle around 81 rupees and seeing profit booking. But in longer terms remain buy above 81 rupee level for targets of 85.75 and above in 2019.
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