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Add as a preferred source on Google FxWirePro: EUR/INR back above 79.00 mark, German ZEW economic sentiment data in focus EUR/INR is currently trading around 79.14 mark. It made intraday high at 79.15 and low at 78.83 mark. Intraday bias remains bullish for the moment. A daily close above 78.93 will drag the parity up towards key resistance…
By FxWirePro Team Sep 17, 2019, 9:00 AM UTC
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EUR/INR is currently trading around 79.14 mark. It made intraday high at 79.15 and low at 78.83 mark. Intraday bias remains bullish for the moment. A daily close above 78.93 will drag the parity up towards key resistance around 79.30, 79.63, 80.45, 80.85, 81.04 and 81.54 marks respectively. Alternatively, a sustained close below 78.93 will take the parity down towards key supports around 78.40, 77.73, 77.12 and 76.82 marks respectively.
We prefer to go long on EUR/INR around 79.10, stop loss at 78.80 and target of 79.63.
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