EURINR Trade idea

EURINR Trade idea

27 May 2019 12:01 PM
 

A downward sloping trend line  and 175-day moving average is working as a good resistance in this pair. 175-day moving average worked as a support/resistance earlier, currently price of the pair is trading just below this moving average and might take resistance again. Stochastic slow is at 75 which is near to its overbought territory, already given bearish crossover signal.

Our Preference- Sell at 77.80

Target-77.60

Stop loss- 77.93