euro rupee next week targets 71.35 to 71.9

eur inr weekly predictions for 30 nov. to 4 dec. 2015

Euro rupee future this week closed with the gain. Comparative weak rupee pushing the euro higher. After last 3 weeks losses, euro given first positive weekly closing due to the weak rupee, though it is running very weak in international forex. This bullish move gave a buy signal on price pattern as well as weekly indicators.
For next week, euro resistance zones, as well as targets, are 71.35 and 71.9. While on downside euro have support around 70.7 and 70.5. In extreme rupee, weakness euro may test 73+ levels in medium terms.
Traders here keep buy around or below support zones strategy with strict stop loss for targets 71.35 and 71.9.

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Pramod Baviskar

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