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FxWirePro: EUR/INR hits fresh 2 – week low at 79.31 mark, Eurozone’s various economic data in focus

Thursday, January 9, 2020 6:25 AM UTC

EUR/INR is currently trading around 79.38 mark.
It made intraday high at 79.66 and low at 79.34 mark.
Intraday bias remains bearish for the moment.
A daily close above 79.34 will drag the parity up towards key resistance around 79.79, 80.32, 80.69, 80.86, 81.72 and 82.32 marks respectively.
Alternatively, a sustained close below 79.34 will take the parity down towards key supports around 79.15, 78.34, 77.73, 77.12, 76.82 and 76.12 marks respectively.
Germany will release industrial production as well as trade balance data around 0700 GMT.
Italy will release monthly unemployment rate at 0900 GMT.

We prefer to go short on EUR/INR only below 79.34, stop loss at 79.79 and target of 79.15/78.70.

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FxWirePro: EUR/INR hits fresh 2 – week low at 79.31 mark, Eurozone’s various economic data in focus

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