euro rupee future weekly technical analysis-75.5 is major support

euro rupee future technical analysis for week 29 feb to 4 march 2016

euro rupee future technical analysis for week 29 feb to 4 march 2016

Euro rupee future this week closed with loss. This was second weekly loss for euro against rupee. Euro after touching high of 77.94 showing weakness on profit booking as well as on fresh selling. Weak rupee still gaining against euro due to comparative weakness. For next week, euro outlook remain weak but on downside 75.5 is strong support. If euro breaks 75.5 then traders can go short with stop loss for targets 75 and 74. But above it euro might remain buy and might show higher levels up to 76.7. From medium to long term view, euro remain sell for target 71. For NSE currency tips by sms visit subscription page.

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