EURINR : Technical View : 15.11.2019
* EURINR closed negatively falling by –0.31% during it’s
Thursday session.
* On the daily chart, after rising for three consecutive days
the pair has witnessed a profit booking.
* But, the pair is trading above it’s Daily 200 EMA which
indicates strength in the pair for the near term.
* Moreover, a momentum indicator RSI (14) has sustained
above it’s 50 level which indicates bullishness in the pair.
* So based on the above technical structure, we expect a
bullish move in EURINR towards 79.46 level.
Thursday session.
* On the daily chart, after rising for three consecutive days
the pair has witnessed a profit booking.
* But, the pair is trading above it’s Daily 200 EMA which
indicates strength in the pair for the near term.
* Moreover, a momentum indicator RSI (14) has sustained
above it’s 50 level which indicates bullishness in the pair.
* So based on the above technical structure, we expect a
bullish move in EURINR towards 79.46 level.