EURINR - THE BIG SHORT ?FX_IDC:EURINR Is on a constant downtrend from last year.
Based on the Moving Averages analysis on MTF, it looks like a good time to go SHORT.
TGT - 82.12,
2nd TGT - 80.3
STOPLOSS ABOVE 83.67
Eurinrshort
EURINR ANALYSISTrade according to the levels as per the chart
positional traders can short now with week high as your stop loss
Target 89, 88.6000
EUR/INR - INR Getting Stronger In this currency pair, it has been observed that the price action firstly built double top on the chart and now breaking the support of 87.5, which may result further weakness in Euro and INR may get stronger. Price action is expected to go down to next support zone at 86 levels with SL88.
EURINR Head and Shoulder Patternwe can not jump directly into signal here.
you should wait for market to completely close below the head and shoulder which is overall confirmation sign.
it can go above from here and than dump if this is eur overall looks weak so analyzing for now will enter next week
