Eur inr weekly-forming bottom around 72.4

eur inr future predictions for 28 Nov. to 2 Dec. 2016

Eur inr future predictions for 28 Nov. to 2 Dec. 2016

Eur inr future this week closed at 72.52 with gain. Euro after breakdown hit my downside targets of 73.8 and then 72.5. Now prices are consoling near bottom support of 72.4.
Risk remain high as dollar is strong bullish in international forex market but medium term investors can take long positions here with stop loss and expect 73.2 and 73.8 as target zones on upside. Below 72.4 next major support as well as breakdown target for euro rupee future will be 71.35.

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Pramod Baviskar

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