NSE euro rupee future this week closed at 75.22 with gain on strong recovery in euro. This week euro rupee future hit high around 75.37 while low was at 74.12. Total 1.25 rupee or almost 2% weekly volatility and positive closing for euro against Indian rupee.
Eur inr future weekly price trend is bullish and this week positive closing suggesting some more upside in next week. 72.8 And 72 are major averages support zones on weekly chart. On daily chart 73.9 is major pivot support levels and for Sep series above it euro will remain buy and bullish.
For next week, eurinr future resistance levels are 75.6 and then 76.6. While on downside 74.4 and 73.9 are strong support zones. Traders must keep buy on dips view with stop loss below 73.9 for targets 75.6 and above. In high volatility situation upside up to 77 to 78 can be possible for euro.