EURINR - Ways2Capital

On a daily chart, the price has found support of its rising channel pattern. Moreover, 100 DMA and 200 DMA has entered into a positive crossover. Price has moved above 61.80% of the previous fall from 76.05 to 74.59 which signifies reversal of the previous trend.

On a daily chart momentum oscillator, RSI is coming up from it previous trough which suggests positive outlook for the near term.A momentum indicator MACD has shown positive crossover on the hourly chart. For now, we can expect prices should move higher towards the 76.95 levels in the coming trading session.

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