EURINR Opened On Negative Note

EURINR opened on negative note and continued downside for the day.Overall, price has been trading in rising channel with higher top & higher bottom formation; which stipulate buying opportunity for near term.

Moreover, pair has crossed previous range bound rally and managed to sustain on highs.

Furthermore, a momentum indicator RSI (14) and MACD are in bullish mode with favorable crossover; which initiate bullish conviction in the pair.

So based on the above technical structure and indicator, we expect bullish movement towards 82.10 level.

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