Sell EURINR below 80.75 Target 78.6600 SL 82.15 - GEPL Capital
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Chart for the day
EURINR (Daily) - 81.0075
Observation
* Prices of EURINR has been respecting the down trending trend line since April 2021, Prices have shown a reversal by taking resistance from the trend line (29th June 2022)
* In the previous trading session prices gave a breakdown from symmetrical triangle, which was forming since March 2022.The break down was carried by high volumes.
* Post breakout we can spot rejection by the prices to move higher.
* RSI is falling and has sustained below 50 (Currently 36.8), indicating bearish momentum.
Inference
Sell below 80.75 Target 78.6600 SL 82.15
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