Hello friends, most important point is the resistance at 90.20 but Monday closing on or above 90.24 will decide its future bullish trend.
If it gets closing below 90.20 then we can see 89.00 if few days and 88.40 which has to be seen in this or other time.
1. Kijun and temken sen moving upwards
2. Both are above the green ichimoku
3. Price has moved above the 26 days high
4. Cheeku sen moving upwards freely
Here we see all the parameters are meeting for making long position till it makes a trend reversal.
That 30 Minutes chart has something very special for all traders. I watched the 30M chart till closing in Indian market and as well as today. The gap that must have been filled up is still open. Subsequently, we will see a 30 Pips hike in Monday market.
Most important thing is that the price of EURO should move back to 88.20 after reaching 89.60.
EURINR 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...