• FxWirePro: Euro erases previous loss against Indian Rupee, srabilizes above 78.50 Mark

    Source: FxWire Pro - Technicals / 15 Sep 2019 09:41:18   America/New_York

    • EUR/INR is currently trading around 78.74 mark.
       
    • It made intraday high at 78.78 and low at 78.44 mark.
       
    • Intraday bias remains bullish for the moment.
       
    • A daily close above 78.54 will drag the parity up towards key resistance around 78.97, 79.63, 80.45, 80.85, 81.04 and 81.54 marks respectively.
       
    • Alternatively, a sustained close below 78.54 will take the parity down towards key supports around 77.73, 77.12 and 76.82 marks respectively.
       
    • The key events from the Eurozone will be ECOFIN meetings.

    We prefer to go long on EUR/INR around 78.78, stop loss at 78.40 and target of 79.12/79.63.

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