Mcx eur inr weekly- euro below 73.85 remain weak and sell

Eur inr weekly technical forecast for 14 to 18 November 2016 Eur inr weekly technical forecast for 14 to 18 November 2016 Mcx eur inr future this week closed with loss. This week we saw high volatility and negative closing. Eur inr future this week achieved upside swing target of 74.95 and then on reversal broke down below major support of 73.85 and almost achieved downside bearish target of 72.5. For next week, outlook remain weak and below 73.8 euro remain sell for targets 72.5 and 71.35. From long term view, euro is heading towards 71.95 level support and it is medium term target. Below 71.95, eur inr future below 71.95, remain sell and expect downside target of 69 and 66.55.

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Pramod Baviskar

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