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 .
EURINR is close to its multi month support level and is a good buy with a better risk to reward ratio.
Buy EURINR ONLY AROUND 77.83 (CMP: 78.135) with Stop-loss of 76.94 and Target 1 at 79.30 and Target 2 at 81.20
Please Note!!! Trade the script only after consultation by your financial consultant. We are not SEBI Registered and hold no liability for the scripts ...
EURINR trading above Ichimoku Kumo and has just entered the cloud in Monthly charts. Trade BUY EURINR only at 79.15 with Stop-loss of 77.45 and Target1 @ 82, Target 2 @ 85 and Target 3 @ 92.
This analysis is on special request (Education preferably) and any trading done on this analysis should be taken after consulting your financial advisor.
EUR INR Spot at 79.99, after testing the high 80.35, It’s highly expected market would be corrected till 79.33-30 (65%), and 78.54 (35%), as it’s break 79.84, in coming sessions, traders can go for short and also take premium advantage for coming sessions. Exporters are advise to hedge at least 60-70% at 79.80 to 80.04, and Importers are free to hedge till ...
EUR INR spot 80.07, as we previously analyzed it would test 79.80, now it’s crossed that level now the range is open for exporters till 80.84 the 82.00(Max)(Levels on Aug 2014), as it’s break 79.80, would test 79.20 importers can book at that level.
EUR INR SPOT 78.14, potentially forming bullish flag, as it would be confirm at 78.36-40, target level 79.76-84, in next week,
On the other hand if it’s not break 78.36-40, will test fibo level 50% at 77.40-44
EURINR also forming good base to buy at CMP 76.72 or wait for sometime for price to come down toward 76.45 near about.
stop will come at 76.10 tgt 77.35 and break of which 77.80 and much more higher......
NOT A CERTIFIED SEBI ANALYST. PLEASE TAKE FINANCIAL ADVISOR HELP IN INVESTING.