EURINR : Technical View : 18.11.2019
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* EURINR closed with positive note and gained 0.12% on the last trading session.
* On the daily chart, after rising for three consecutive days the pair has witnessed a profit booking.
* However, the pair is trading above it’s Daily 200 SMA 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 79.50 level.
* On the daily chart, after rising for three consecutive days the pair has witnessed a profit booking.
* However, the pair is trading above it’s Daily 200 SMA 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 79.50 level.