We can expect another low to first impulse fib level 168%. High 86.74 and cmp 84.55 potential rejection can happen at that level it may even take quite sometime to break EQ and break below to reach 83.27. Reason: Nothing happens as you think.
Eurinr peak ath theres need to be a discounted price. Reasons: 1. Strong divergence 2. uncompleted h&s 3. Every hour potential bearish till 84.30
As EURINR is near to its all time high, which also acts is strong resistance level. we can expect profit booking and a correction in price at these levels.
In Euro INR the is formed bullish diamond pattern... it will hit the target as per chart...
Short trades can be initiated on EUR INR as correction is due after ~3 weeks of rally. Strict stop loss should be placed as it is currently trading above 200 EMA on daily charts. I'd recommend trailing your stop loss once it starts moving in our desired direction.
EURINR is looking weak as previous 2 weeks high is acting resistence. StochRSI also showing early signs of reversal. The chart is pretty much clear and very straight forward. Date: Sunday, 13th Oct 2019 Short below 78.214 SL: 78.590 Open Target Your trades are your own sound decision. I'm not responsible for them. Trade safe.
TREND ANALYSIS TRADE SETUP Follow Chart Instruction. Do not be Hurry for entry. Wait for Proper Entry Setup. Buy/Sell with Best Risk Reward. Educational Chart Only. You can Comment and ask the TREND ANALYSIS of any STOCK/SCRIPT/INDEX/FOREX. Risk:Reward = 8-12 times