eurinr weekly technical call for 4 to 8 jan 2016

eurinr weekly technical call for 4 to 8 jan 2016
Euro rupee future this week closed with loss at 72.22.
eur inr weekly chart price trend is now bearish with
fresh shorting momentum.
For medium term, eur inr support zones are 70.91 and 69.5.
On upside expect strong resistance at 72.5 and 73.8 levels.
For next week , euro below 72.5 will remain weak and sell.
traders follow sell and accumulate shorts view
with stop loss aboev 72.5 for target 70.91 and below.
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Pramod Baviskar

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