FxWirePro: Indian rupee remains highly volatile against euro, faces strong resistance at 80.30 mark

• EUR/INR is currently trading around 79.67 mark.
   
• It made intraday high at 79.74 and low at 79.15 mark.
   
• Intraday bias remains bullish till the time pair holds key support at 79.07 mark.
   
• A daily close above 80.30 will drag the parity up towards key resistance around 80.45, 80.85, 81.04 and 81.54 marks respectively.
   
• Alternatively, sustained close below 79.07 will take the parity down towards key supports around 78.76, 78.46, 77.73 and 77.12 marks respectively.

We prefer to take long position on EUR/INR around 79.50, stop loss at 79.08 and target of 80.30/80.45.