EUR INR outlook for 3-7 March 2014

EUR INR outlook, weekly forecast, price analysis, technical analysis,charts and tips for 3 to 7 March 2014.

EUR INR daily chart technical analysis

EUR INR spot on last trading session closed at 85.2 with gains. On daily chart, euro price trend and momentum is strong bullish against Indian rupee. On chart, euro is trading above short term averages and indicators pattern are bullish suggesting upside for pair in next week.

For next week, EUR/INR support zones are 84.95 and below that 84.7. Short-term traders above 84.7 keep buy on dips view and expect higher targets. On upside 85.8 and 86.7 are strong resistances as well as EUR/INR targets zones for next week. Euro is bullish in international market and trading near highs, same sentiment can be expected here.

EUR INR weekly chart technical analysis

EUR INR spot this week closed with flat gain. This week euro hit low at 84.52 while high was at 85.68. Total 1.2 rupee or 1.5% weekly swing and closing with gains. On weekly chart, EUR INR price trend and momentum is strong bullish, prices are trading above all medium to long-term averages and indicators pattern also supporting it.

On downside 83.55 is first support for EUR INR, which its 6 month average level. Below that 80.7 is 52 weeks average level and next major long-term support for euro. On upside 86 and 88 are medium to long-term targets and expected in upcoming weeks if rally sustains.

The Author

Pramod Baviskar

Professional Market Trader And Owner Of Dalal Street Winners Advisory And Coaching Services. Working Since 2007 And Online Presence Since 2010. We Provide Highly Accurate And Professional 1 Entry And 1 Exit Future, Option, Commodity, Currency And Intraday Stock Tips On Whatsapp With Live Support And Follow Up.
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