CURRENCY TRADE – PAIR EURINR

Quick Update on Currency Trade – Pair EURINR

On Hourly Chart – Price has started making lower Highs & Lower Lows indicating the downtrend. Head & Shoulder Pattern” clearly visible. Price has already broken the neckline. There is a Hidden Negative diversion also formed.My View is “Bearish” expecting the price to retrace to 71.75-71.60 levels if breaks the immediate support zone of 72-72.10. Below is the chart for the reference.

60 Mins Chart
Disclaimer

I'm not a SEBI Registered Investment Advisor. Above Views are only for Educational Purpose. Equity, Commodity & Currency Trading has large potential rewards, but also Large Potential Risk. You must be aware of the risk and willing to accept them in order to invest in the markets. Don't trade with the money you can't afford to lose. This page is neither a solicitation nor an offer to acquire/sell any script. Please consult your financial advisor to take appropriate investments as per your risk profile. The past performance of any investments is not an indication for future returns.

2 thoughts on “CURRENCY TRADE – PAIR EURINR”

  1. Price has made a low of 71.80 and it started moving up. Major Resistance level is at 73.20-73.30 levels which is to be watch out for.

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