On daily chart, EURINR has formed Inverted Hammer candlestick near the strong support, which is a bullish reversal candlestick and indicates for upside movement.
Besides, on daily chart, Pair has been trading with strong support of its 100 days moving average which is placed at 75.0736 level, which shows that medium to long term trend is up and EURINR could accelerate its upside movement from the present level.
Pattern wise, Pair has been trading in a Higher Top Higher Bottom formation since last one year, and it seems that Pair is likely to continue its ongoing movement.
Moreover, Pair has been continuously trading with the support of its 21 weeks moving average which is placed at 75.1079 level.
A momentum indicator RSI reading is at 52.6169 level with positive crossover, which point out for positive breath in the Pair.
Based, on the above technical structure, we expect that EURINR can move higher from the present level.http://reports.choiceindia.com/Reports/TER020620160452411.pdf