This Week EURINR - Outlook : 02.12.2019
* EUINR pair started the week on a flat note at 79.20 and from there it slipped till the low of 78.73 mark. In the later session it managed to recovery and finally
* Settled at 79.21 mark forming Doji candle stick pattern.
* The pair has continued to quote in narrow range of 78. 50 - 79.80 mark and as long as it trades within the range the short term trend remain indecisive. However, on the broader chart, pair has given bearish break down of the Head and shoulder pattern thus going forward, slip below the immediate support of 78.50 will take the pair till 77.20 then 76.50 levels.
* The momentum indicator RSI has been stuck in a sideways range and stochastic indicator is also on
mixed note.
* Thus for the week, the immediate resistance is placed at 79.60 and we advise selling around above
mentioned levels of 79.60 for immediate targets of 78.60 then 78.00 levels.
Join Whatsapp 9841986753
Whatsapp Number : 91-9094047040 / 91-9841986753
* Settled at 79.21 mark forming Doji candle stick pattern.
* The pair has continued to quote in narrow range of 78. 50 - 79.80 mark and as long as it trades within the range the short term trend remain indecisive. However, on the broader chart, pair has given bearish break down of the Head and shoulder pattern thus going forward, slip below the immediate support of 78.50 will take the pair till 77.20 then 76.50 levels.
* The momentum indicator RSI has been stuck in a sideways range and stochastic indicator is also on
mixed note.
* Thus for the week, the immediate resistance is placed at 79.60 and we advise selling around above
mentioned levels of 79.60 for immediate targets of 78.60 then 78.00 levels.