• FxWirePro: Euro trades marginally lower against major peers ahead of ECB president lagarde’s speech

    المصدر: FxWire Pro - Technicals / 11 فبراير 2020 03:55:27   America/New_York

    • EUR/INR is currently trading around 77.74 mark.
       
    • It made intraday high at 78.02 and low at 77.67 mark.
       
    • Intraday bias remains bearish for the moment.
       
    • A daily close above 77.79 will drag the parity up towards key resistance around 78.34, 79.32, 79.79, 80.32 and 80.69 marks respectively.
       
    • Alternatively, a sustained close below 77.79 will take the parity down towards key supports around 77.62, 77.12, 76.82 and 76.12 marks respectively.

    We prefer to go short on EUR/INR around 77.80, stop loss at 78.10 and target of 77.12.

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