EURINR - Next upward rally to startEURINR has been around the lower edge of a rising channel. It has not been able to break it since last few sessions. One reason for same could be a support area near the the trendline of the channel which was acting as a resistance during the last few weeks.
I expect the EURINR pair to rise from here and reach to levels of around 90.50. It would be interesting to see if it can break this upward trendline this time and rise to another trendline that has been there since March 2020.
INREUR trade ideas
C wave FAILURE - WXY is overPrice action is making a clear 5 wave upward movement and indicating that current WXY is over with a C wave failure to close below B wave (triangle).
Price action might enter into a correction pattern to WXY or my resume uptrend.
Let's wait and spot for going Long at least for a couple of weeks.
EUR/INR - INR Getting Stronger 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.
EURINR BULLISHEURINR LOOKS BULLISH TO ME
BUY EURINR @ 85.41 SL 85.15 TGT 86.74
ABOVE ARE JUST MY OBSERVATION
ANY TRADE TAKEN WILL YOUR SOLE RESPONSIBILITY AND I WILL NOT BE RESPONSIBLE FOR ANY OUTCOME PROFIT OR LOSS
TRADING/INVESTMENT IS HIGHLY RISKY WITH INVOLVES RISK OF LOOSING PART OR FULLY CAPITAL
IF ANY ONE WANTS TO TRADE LIKE THIS WITH CONFIDENCE GET IN TOUCH