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EURINR

On the daily chart, EURINR had formed a ea Bullish Engulfing Candlestick pattern in prior session and managed to sustain above it, which indicates reversal in the counter.

Furthermore, the price sustained above Ichimoku Cloud formation that suggest bullish strength for the long term. 

Furthermore, the price has settled above . 50-Days Moving Averages, which point-out i positive trend forthe near term.

In addition, Spurt in ~ volume has been noticed in last two trading sessions, which shows buying interest among the traders.

Also, a momentum indicator RSI (14) & Stochastic showed positive crossover on the daily chart.

Based onthe above technical structure, we suggest a bullish movement in EURINR (June) towards the level of 93 in the near term.

Buy EURINR (June) @ 89.87 SL 88 TGT 93

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