EURINR : Technical View : 19.11.2019
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* EURINR closed with positive note and gained 0.30% in the last trading session.
* On the daily chart, the pair is trading above it’s upward sloping trendline and has also sustained above it’s Ichimoku cloud which is bullish for the counter.
* Also, the pair has taken support of it’s 200 EMA and moved upwards which indicates strength.
* 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 79.76 level.
* On the daily chart, the pair is trading above it’s upward sloping trendline and has also sustained above it’s Ichimoku cloud which is bullish for the counter.
* Also, the pair has taken support of it’s 200 EMA and moved upwards which indicates strength.
* 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 79.76 level.