EUR INR december forecast-expect correction and consolidation

 EURO RUPEE Monthly Outlook for Dec 2017

Eur-inr future in november closed at 76.63 with gain.

for month of december, euro is looking weak and might go through correction and consolidation phase.

on downside 76.45 is major support, above it euro will remain strong and buy for targets 77.7 and then 78.7.

below 76.45, expect bearish trend and lower level up to 75.5 to 74.2.

from long term view, euro looking strong and above 76 remain buy and accumulate for target 80.7.



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Pramod Baviskar

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