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Add as a preferred source on Google FxWirePro: Euro trades marginally lower against major peers ahead of ECB President Lagarde’s speech EUR/INR is currently trading around 77.74 mark. It made intraday high at 78.02 and low at 77.67 mark. Intraday bias remains bearish for the moment. A daily close above 77.79 will drag the parity up towards key resistance…
By FxWirePro Team Feb 11, 2020, 8:40 AM UTC
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EUR/INR is currently trading around 77.74 mark. It made intraday high at 78.02 and low at 77.67 mark. Intraday bias remains bearish for the moment. A daily close above 77.79 will drag the parity up towards key resistance around 78.34, 79.32, 79.79, 80.32 and 80.69 marks respectively. Alternatively, a sustained close below 77.79 will take the parity down towards key supports around 77.62, 77.12, 76.82 and 76.12 marks respectively.
We prefer to go short on EUR/INR around 77.80, stop loss at 78.10 and target of 77.12.
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