Euro Rupee weekly predictions 10-14 Feb 2014

eurinr daily chart

Euro Rupee daily chart analysis

Euro rupee pair on last trading session closed at 84.86 with gain. On daily chart, EURINR has taken support at its 3-month average and moving upside. For next week, EURINR outlook is bullish and it remains “buy”. On downside 84 and 83.1 are short term supports while on upside expect strong resistance at 85 and 86.6 levels.

Both resistance zones will be targets with strict stop loss below 3-month average of 84.45. EURINR indicators are bullish and forming bullish divergences suggesting uptrend is resuming after correction.

eurinr weekly chart

Euro Rupee weekly chart analysis

Euro rupee this week closed with gain. After last weeks, correction this week positive closing suggests euro is resuming uptrend and we may expect higher levels in next week. On weekly chart, EURINR major support zones are 83.2 and then 82 while on upside expect strong weekly closing basis resistances at 86 and 88.5. EURINR weekly chart indicators are mixed.

Investors above 83.2 on weekly closing basis keep long view for EURINR and expect 86-88 levels in upcoming time.

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Updated: 09/02/2014 — 9:28 AM

The Author

Pramod Baviskar

Professional Market Trader And Owner Of Dalal Street Winners Advisory And Coaching Services. Working Since 2007 And Online Presence Since 2010. We Provide Highly Accurate And Professional 1 Entry And 1 Exit Future, Option, Commodity, Currency And Intraday Stock Tips On Whatsapp With Live Support And Follow Up.

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