EURINR : Technical View : 25.11.2019
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* On the daily chart, the price has closed with the loss of 0.29% during the previous trading session.
* Also, the pair has closed below the upper line of the Symmetrical triangle pattern, which has caped with bullish move of the counter.
* However, It has sustained above the 50*200 days EMA’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 79.55 level.
* Also, the pair has closed below the upper line of the Symmetrical triangle pattern, which has caped with bullish move of the counter.
* However, It has sustained above the 50*200 days EMA’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 79.55 level.