EURINR : Technical View : 16.12.2019
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The EURINR closed with the gain of 0.49% during its previous trading session.
Moreover, the price has pulled back from its Ichimoku Cloud, which adds support in in the counter .
Also, the price has closed above its 200 days EMAs, which provides positive support to the counter.
Additionally, momentum indicator Stochastic (6) has shown a positive crossover which signals power to the bulls .
So based on the above technical structure, we expect a bullish move in EURINR towards 79.56 level.
Moreover, the price has pulled back from its Ichimoku Cloud, which adds support in in the counter .
Also, the price has closed above its 200 days EMAs, which provides positive support to the counter.
Additionally, momentum indicator Stochastic (6) has shown a positive crossover which signals power to the bulls .
So based on the above technical structure, we expect a bullish move in EURINR towards 79.56 level.