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EURO INR Futrue Forecast,What is the position in the coming days?

EURO INR Future Forecast


What is the position in the coming days?


Hello,

Welcome to ForexBlues.com. Today we are going to see EuroINR future. What is the position in the coming days? So if we start from Monday then we have seen a high of 86.37 in Euro INR and then there is a downfall that has started from Monday onwards. You can see that it was Only 85.40 and today again on Friday It is at 85.40 levels. So if we look at the technical charts then in the 4-hour time frame, you can very easily see that at 85.40 around there is strong support and looking at the RSI, Stochastic RSI and the MACD it gives an impression that the support is not going to break very soon and next week we can see again a jump in the Euro and it could hit 86.20 again. And after that only we would be able to see the downfall coming again. Looking at the technical charts of the week, it gives us the impression that only after probably 7 to 10 days it is going to fall below 85 levels maybe in July.

EURO-INR-Futrue-Forecast


Well, we have already said earlier a few days back, probably weeks back that Euro is in 86 plus Zone where it is getting a strong resistance of two years and six years resistance. Lastly, we saw at above 86 in October 2018 somewhat around and then in 2014. Our Suggestion to the forwarders and the people who are holding EuroINR they can go for their exchange/ booking at around 86.00+ and suggests do not hold EuroINR for long. Important to be noted unless otherwise it crosses 86.40 and stays for a day do not expect it to go anymore higher. On the technical basis at Forexblues, we see Euro fall below 84.83 level in one and a half months from now.
Well, we hope we have given you a view of EuroINR in the coming days. And for any queries, you can log onto forexblues.com and contact us at our social site on Twitter account and Facebook
Also, you can contact us at our customer care contact number.  9523599540
Thanks for listening to us. 
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