euro rupee april future : support 74.9 tgts 76.5 and 77.35

NSE EUR INR future monthly technical analysis for april 2016

NSE EUR INR future monthly technical analysis for april 2016

NSE eur inr future above 74.9 remain bullish and buy.   For month of April 2016, euro rupee future my technical targets are 76.5 and 77.3.   Any daily closing above 77.3 means super bullish euro with fresh breakout. In that scenario targets will extend up to 78-79.   On downside 74.9 is pivot support. If euro slips below it and gives weekly closing below it then expect stronger rupee and weaker euro with price targets 74.15 and 72.6.   These are major support levels on downside.

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Pramod Baviskar

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