EURINR : Technical View : 09.12.2019
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The EURINR closed in a negative note during its previous trading session.
On the daily timeframe, the pair has faced resistance of the upper “Bollinger Band” which signals bearishness in the near term.
Moreover, the pair’s Heikin Ashi candle has turned red which indicates that bears are in control.
Additionally, the pair’s Stochastic (6) has made a negative crossover which signals that the bears have gained strength.
So based on the above technical structure, we expect a bearish move in EURINR towards 79.11 level.
On the daily timeframe, the pair has faced resistance of the upper “Bollinger Band” which signals bearishness in the near term.
Moreover, the pair’s Heikin Ashi candle has turned red which indicates that bears are in control.
Additionally, the pair’s Stochastic (6) has made a negative crossover which signals that the bears have gained strength.
So based on the above technical structure, we expect a bearish move in EURINR towards 79.11 level.