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Cfa_Arvind
Oct 4, 2021 3:10 PM

EURINR Long

EURO / INDIAN RUPEEICE

Description

EURINR is in downtrend from last six months and if we observe price action closely then we found morning star at the bottom. 85.50 is a very good support zone where you can add on dip. 85.50 is a strong support zone where we see good demand and price rise earlier. Now we can say that history repeats itself, its a high probability that price can go higher as per given level below mentioned.

Buy above 86.50
Add on dip 86.00
Stop Loss 85.30
1st Target 87.50
2nd Target 89.00
3rd Target 90.00 +
Comments
bnsahu
RED HOT SELL :::: BE ALERT ::::: The DXY Index has burst higher on the session, clearing out both its former yearly high set in August as well as the monthly and yearly high established last week after the October US jobs report. In doing so, it also cleared the March 2020 low at 94.65 and the September 2020 high at 94.74. A plethora of resistance has started to break.+++++ DECIDE YOURSELF
Cfa_Arvind
1st Target 87.50 achieved
psyank281
Great analysis 🙂🙏🙂
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