today 17 May 23 EURINR go up sidehello, Today EURINR go up side when it break 89.6000 support its next resistance is 89.7925
EURINR
EURINR SETUP.
As per my Analysis, EURINR is facing strong resistance at level inbetween 90.37-90.62,there could be a reversal from this resistance level, as a positional trader this could be a best opportunity to go short in EURINR either you can wait to reach near marked resistance or trendline resistance then you may go short.
also keep tracing 50SMA to get better view.
But make sure, do your analysis this is only for educational purpose.
Thanks,
Amit Sharma
EURINR LONG OR SHORT?Hello guys,
Hope you all are doing well.
In my Analysis EURO is loosing its upside potential and uptrend so once the price reached at resistance level we may take a short position in EURINR and we can carry this position till end of this month or end of next month to get better results.
Hope this will Help.
Thanks.
Amit Sharma.
EURINR - Formation of chart patternFormation of ........ Chart Pattern.
Choose the appropriate one?
1. Inverted Head and Shoulder
2. Head and Shoulder
3. Head and Shoulder Top
4. Bullish Head and Shoulder
Rising wedge in EURINREuro to Indian Rupee pair (EURINR ) has been forming rising wedge for some time on the Daily time frame. This is also supported by fall in momentum as shown in the RSI.
The pair has rejected bulls for last few days. Conditions look ripe for a fall in price toward wedge target zone of 86.8 on the EURINR spot pair. SL may be kept above previous high, around 89.30.
EURINR Inverted Head and Shoulders on 2HEURINR spot pair has formed inverted head and shoulders on the 2H chart. The currency pair is breaking out of that formation. We can wait for a retracement to enter long for a measured move target of 83.5.
eurinreurinr is nearly break out
if you are trading in this currency wait for right entry
and enter the right candale Conformation
and risk rewardt ratio is 1:5
SHORT EURINRShort EURINR
Entry, SL & Targets on Chart
Disclaimer: All charts are for educational purpose. Consult your financial advisor before investing.
EURINR "BOTTOM OUT" ????This is an additional study to my previous recommendation on EURINR.
Buy More At Cmp 88.6588, Strict SL 87.59 (DCB)
#EURINR Buy on break of upper trendlineEURINR has been moving sideways with a downward bias over the last few days post the peak on Dec 3rd. The sideways move has traced an W-X-Y pattern. The pattern also resembles a 'FLAG' pattern as per classical chart analysis. Considering the previous sharp move , one can expect a continued upsurge following a break of the upper trend line
The subsequent move should cross 90
EURINR "NEAR CUP & HANDLE" + "CHANNEL BREAKOUT" - EXPLOSIVE MOVEBuy EURINR Above 90.2, Strict SL - 85.5 (DCB), Target - 101-102
Watch for bullish activity near long term channel EURINR Price is coming near a long term channel support also near horizontal support, can go long after watching activity near level for target of upper
channel boundary.
Eur/inr Down trend startedEur/inr sell activated Today.It is Keep rising from 78 for few months.Now trend is broken in 4h.i used daily chart for sl and tp.
Target 1 - 87.8
Target 2 - 86.5
good luck all.
Eurinr 4h. bear dive Eurinr suppose to break below and reach to level 83.50. Fib level confluences to 50% retrace upside.
Similar to Gbpinr idea also may work as well.
