Euro Rupee Future Daily Chart Analysis
Euro rupee future of March expiry on last trading session closed at 78.44 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 hit 78.4 second bearish swing target with low of 78.38 rupee on Friday. Euro now looking oversold and but this fresh downside move suggesting super bearish trend and if sustain below 78.4 then expect 76.9 and then 75.3 rupees levels on downside. If sustain above 78.4 then buy with stop loss for big upside targets of 79.9 and then 81.45 rupees.
Euro rupee future weekly chart analysis
Euro rupee future on weekly chart showing loss for this week. This was second big losing week for euro and in this week we saw almost 1 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. And this week we saw low of 78.38 and euro started journey towards 75.4 rupee zone.
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