EUR INR weekly analysis for 23 to 27 may 2016

EUR INR weekly analysis for 23 to 27 may 2016 NSE eur inr future this week closed with loss. This was second weekly loss for euro. Euro is trending down on global weakness.   For next week, euro rupee future outlook below 75.7 remain bearish. On downside support zones as well as tgts are 75.4 and 74.35.   While on upside 76.2 and 76.4 are strong resistances as well as fresh shorting levels. In extreme situation lower levels up to 74 can be expected.

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Pramod Baviskar

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