FX_IDC:EURINR Is on a constant downtrend from last year. Based on the Moving Averages analysis on MTF, it looks like a good time to go SHORT. TGT - 82.12, 2nd TGT - 80.3 STOPLOSS ABOVE 83.67
Trade according to the levels as per the chart positional traders can short now with week high as your stop loss Target 89, 88.6000
In this currency pair, it has been observed that the price action firstly built double top on the chart and now breaking the support of 87.5, which may result further weakness in Euro and INR may get stronger. Price action is expected to go down to next support zone at 86 levels with SL88.
Sell on rise strategy.... Levels Defined on Chart Share... Like... Follow... Stay Tuned
we can not jump directly into signal here. you should wait for market to completely close below the head and shoulder which is overall confirmation sign. it can go above from here and than dump if this is eur overall looks weak so analyzing for now will enter next week
nice rally into supply .. targeting the new demand formed below .