EURINR : Technical View : 27.11.2019
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* On the daily chart, the EURINR fell by 0.31% during the previous trading session.
* Also, the pair has started trading below the Parabolic SAR which signifies weakness in the counter.
* Moreover, It has closed below the 50*200 days EMA’s, which is bearish for the counter.
* Moreover, a momentum indicator Stochastic (6) has shown a negative crossover which indicates power to the bears.
* So based on the above technical structure, we expect a bearish move in EURINR towards 78.53 level.
* Also, the pair has started trading below the Parabolic SAR which signifies weakness in the counter.
* Moreover, It has closed below the 50*200 days EMA’s, which is bearish for the counter.
* Moreover, a momentum indicator Stochastic (6) has shown a negative crossover which indicates power to the bears.
* So based on the above technical structure, we expect a bearish move in EURINR towards 78.53 level.