eur to inr weekly graph technical analysis for 19 to 23 sep 2016

Euro rupee future this week closed with loss at 75.29. After last week strong recovery we saw some profit in eurinr future. On weekly chart eur rupee future is consolidating near its major averages with bullish outlook.   Eur inr future this week hit high around 75.62 while low was around 75.15. Total 47 paise weekly range and negative closing on weak euro this week. On downside 75.25 is 6 weeks average level and 75.2 is 13 weeks average level of eur inr future and they are strong weekly closing basis support zones for next week.   For euro rupee next week, my view above 75 rupee will remain buy on dips for euro. On upside 76.15 will be first major target and above it next target will be 77.2. Currency traders can use dips above 75 for buying and accumulation and expect targets 76 and 77 in medium terms.   For Indian currency tips on whatsapp with real time support and follow ups visit our subscription section.