eur inr monthly technical outlook for may 2016

eur inr monthly technical outlook for may 2016 NSE eur inr future last closed at 75.98.   For month of May, euro will has major support at 75.7.   Below it expect downcycle and lower levels targets of 75 and 74.15.   As euro rupee future still trading above support so keep long view with stop loss below 75.7 and for tgts 76.6 and 77.25.   Eur inr future weekly chart suggesting tgt of 78 rupee in long term, here support zones are 74.9 and 73.4.

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