EURINR opened gap up and continued the trades on positive note on Wednesday.
On the daily chart, pair has given Falling trend line breakout, which indicates bullish movement in the counter.
Furthermore, pair has been trading above “Parabolic SAR” , which suggests upward trend for near term.
On the daily chart. a momentum indicator RSI (14) has shown positive crossover .
So based on the above studies, we expect bullish movement in EURINR (Mar) future towards 81.50 level.
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