Euro rupee future monthly outlook June 2017
gains. This was straight second gaining month for euro against rupee. In May eurinr
future hit low at 70 and closed near month high of 73. Almost 3+ rupee gain in
almost 5 rupee or 7.35% appreciation in last 2 months for euro vs. rupee.
bullish above 71.9 support zone on daily closing basis. On upside my bullish
swing targets zones are 73.8 and then 75 rupee. Below 71.9, expect deep
correction and consolidation up to 70.8 to 69 rupee levels.
future in June above 71.9 and book profits around 73.8 and then 75 rupees.
Below 71.9, eur inr pair might turn bearish and strategy become sell on rise.
target of 68.7 and now taken support at that level and was bouncing back
towards 73.3 resistance zone and might touch that level in June 2017.