Dalal street winners euro rupee future April 2017 technical report
Euro rupee future on last trading session closed at 69.64 with heavy loss. Euro rupee daily chart price trend and momentum both are bearish. We saw sharp selloff around 70.5 levels after small recovery which suggesting underlying fundamental weakness in euro.
For month of April 2017, euro is looking weak against rupee technically. Might continue to drift down towards bearish targets of 69 and 68.4. While on upside 70.15 is major hurdle and remain as trend barrier. Daily closing below 68.4 means super bearish breakdown and panic sell off up to 67.2 to 66.5.
Weekly closing above 70.15 will trigger reversal and euro might start uptrend for this series if this event happens.
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