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Chart for the day

EURINR (HOURLY) - 81.67

Observation

* On Hourly chart of EURINR, Prices after a Downtrend had shown some consolidation in the form of symmetrical triangle.

*  Prices in the latest trading session gave a breakout from the pattern which indicates continuation of prior leg that was on the upside.

*  Prices have given a breakout from the Upper Bollinger band which tells that volatility in the prices are rising for the upside movement.

*  RSI plotted on the hourly timeframe is rising and have sustained above 50 mark indicating that the prices have momentum in it.

Inference

*  Buy above 81.69 Target 82.60 SL 81.28

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