EURINR daily chart technical analysis
EURINR spot on last trading session closed at 84.45 with loss. On daily chart euro, rupee spot pair trend is bullish bit momentum is very bearish as profit booking set in market. Euro is trading near its 3-month average level with loss. For next week below 84.5 euro outlook is bearish and may show deep downside targets up to 82-83. On upside 84.5 and then 85 are strong short-term resistances for EURINR pair. Traders for next week, keep sell on rise trading strategy for EURINR. On downside, expect 83-82 as immediate targets.
EURINR weekly chart technical analysis
EURINR spot this week closed with loss. On weekly chart, suggest profit booking after last week sharp short covering. Euro rupee medium term trend and momentum both are bullish and expect higher targets in upcoming time. On downside 83 is 6-month average and strong support. Any weekly closing below it may trigger correction. On upside 88 and 92 are strong resistance levels as well as medium term target for euro. Around 80 will be best medium to long term buying opportunity.