EURINR : Technical View : 05.12.2019
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The EURINR closed in a negative note and fell by 0.27% during its previous trading session.
On the daily timeframe, the pair has sustained above its falling trend line, which will act as a support in the near term.
Moreover, It has closed above the 20*50 Day EMA, which signals bullish strength.
Additionally, the pair’s Stochastic (6) has made a positive crossover which indicates control to the bulls.
So based on the above technical structure, we expect a bullish move in EURINR towards 79.62 level.
On the daily timeframe, the pair has sustained above its falling trend line, which will act as a support in the near term.
Moreover, It has closed above the 20*50 Day EMA, which signals bullish strength.
Additionally, the pair’s Stochastic (6) has made a positive crossover which indicates control to the bulls.
So based on the above technical structure, we expect a bullish move in EURINR towards 79.62 level.