Euro Rupee Future Daily Chart Analysis
Euro rupee future of March expiry on last trading session closed at 79 with loss. In This week, we saw 0 positive and 5 negative days for euro. Euro as after breakdown below 81.45 hit my bearish target of 79.9 rupees and then almost hit 78.5 second bearish swing target with low of 78.54 rupee on Friday. Euro now looking oversold and remain buy and accumulate around 78.5 levels for big upside targets of 79.9 and then 81.45 rupees. If slips below 78.5 and sustain then expect another panic sell off up to 76.9 and below.
Euro rupee future weekly chart analysis
Euro rupee future on weekly chart showing loss for this week. This was first big losing week for euro and in this week we saw almost 2 rupee plus range and weak closing for euro. Below 81 rupee, euro will remain weak and sell for longer term and will head lower towards 75.4 rupee bearish target zone.
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