EURINR : Technical View : 12.12.2019
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The EURINR closed flat by -0.06 % during its previous trading session.
But, on the daily timeframe, the pair has started trading below its Parabolic SAR which signals bearish strength in the counter.
Moreover, the pair has broken down of its Ichimoku Cloud which signifies bearish momentum in the counter.
Additionally, the counter’s Heikin Ashi candle has made a series of red candles which indicates weakness.
So based on the above technical structure, we expect a bearish move in EURINR towards 78.53 level.
But, on the daily timeframe, the pair has started trading below its Parabolic SAR which signals bearish strength in the counter.
Moreover, the pair has broken down of its Ichimoku Cloud which signifies bearish momentum in the counter.
Additionally, the counter’s Heikin Ashi candle has made a series of red candles which indicates weakness.
So based on the above technical structure, we expect a bearish move in EURINR towards 78.53 level.