EURINR : Technical View : 22.11.2019
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* On the daily chart, the price has closed with the gain of 0.08% during the previous trading session.
* Also, the pair has shown an upside breakout from the upper line of the Symmetrical triangle pattern.
* Additionally, It has sustained above the 50*200 days SMA’s, which is bullish for the counter.
* Moreover, a momentum indicator RSI (14) has sustained above it’s 50 level which indicates strength in the pair.
* So based on the above technical structure, we expect a bullish move in EURINR towards 79.76 level.
* Also, the pair has shown an upside breakout from the upper line of the Symmetrical triangle pattern.
* Additionally, It has sustained above the 50*200 days SMA’s, which is bullish for the counter.
* Moreover, a momentum indicator RSI (14) has sustained above it’s 50 level which indicates strength in the pair.
* So based on the above technical structure, we expect a bullish move in EURINR towards 79.76 level.