EURO / INDIAN RUPEE

IDC

EURINR

Long EURINR

EURINR formed H&S on the weekly time frame similar to GBPINR if this patterns gets activated then we will see next five month bearish for EURINR. cpm-77.0186 to 68.88630.

eurinr is in bearish mode. it is trying to break the major support of 77.33 , its not going up and if today close under 77.33 then it will clearly fall up to 76 in few sessions.

EURINR could be making 78.0429 and then

EURINR on a short time short

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EURINR is on short term recovery path after giving breakout from Head & Shoulder pattern. Falling trend line suggests upside is capped at 78.90-79 region. 5 DEMA is still below 13 DEMA .Today's close above 78.20-78.25 may turn it upward. As long as 80.40 (38.2% retracement of entire fall) holds on daily closing basis, we can expect pair to pursue H&S target of 72....

FX_IDC:EURINR Short and hold until trend line break

FX_IDC:EURINR We mainey follow the price action on Daily Heikin Aishi chart with support signal from MACD histogram and Stoch. As per this chart, we have to trade only on the short side. We enter trade on the 1 hour candle, so after the first 1 hour candle is made then we enter trade if the market is still in red. Keep stop loss at previous candle high. Decide...

hi

Levels are marked in the chart.

FX_IDC:EURINR Buy / Sell based on break out and close (1D chart) above / below the black lines. Upward target is 84.0 Downward target is 79.0

EURO looks double top here and reached previous ATH against INR Bearish divergence in daily/weekly charts. 5 wave impulsive moves is completed here for EUR. We will see correction to the red line at 76-77 INR. Time line 3-4 months .

FX_IDC:EURINR Sell at the red resistance trend line. Target are black horizontal lines. Stop loss just above the red resistance trend line.

long till profit target...may its retest its high...

for long wait for the engulfing candle...or for short wait for the breakout...

LEVELS MENTIONED IN THE CHART. Disclaimer: It is very important to do your own analysis before making any investment based on the chart mentioned here. Trade wisely!

Levels mentioned in charts ...