EURINR : Technical View : 10.12.2019
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* The EURINR closed in a negative note, falling by 0.44% during its previous trading session.
* On the daily timeframe, the pair been trading below its downward sloping trendline which signals weakness in the pair.
* Moreover, the pair’s Heikin Ashi candle has formed a strong red candle which indicates that the bears are in power.
* Additionally, the pair’s Stochastic (6) is in a negative crossover which signals that the bears have taken control.
* So based on the above technical structure, we expect a bearish move in EURINR towards 78.71 level.
* On the daily timeframe, the pair been trading below its downward sloping trendline which signals weakness in the pair.
* Moreover, the pair’s Heikin Ashi candle has formed a strong red candle which indicates that the bears are in power.
* Additionally, the pair’s Stochastic (6) is in a negative crossover which signals that the bears have taken control.
* So based on the above technical structure, we expect a bearish move in EURINR towards 78.71 level.