Get started

INDIAN RUPEE / EURO

No trades
See on Supercharts
Overview
Ideas
Discussions Technicals Seasonals Economic Calendar

INREUR trade ideas

EURINR 4h time frame. thought process. EURINR 4h time frame. sharp move from 76.1501 to 77.6148. Using baseline chart. as we can see level 77.6239 is a strong resistance. although eurinr is in bear trend following weekly time frame it formed an H&S. for trade setup upcoming week. look for a consolidation pattern breakout either side of that white box, chances are price retracement at 50%, 61.8% fib level after a huge move. looking rsi is at overbought zone watch for any bear or bull divergence and pattern breakout. I'll keep updating throughout the week as price react. currently technical bias still remain bearish following long time frame.
by Ilikethehell
EURINR : Short Term recoveryEURINR 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. What does that indicate? EUR can go weak in international market OR INR can get strong over a period of time.
by UnknownUnicorn4260559