- EUR/INR is currently trading around 80.53 mark.
- It made intraday high at 80.54 and low at 80.06 mark.
- Intraday bias remains bullish for the moment.
- A daily close above 80.32 will drag the parity up towards key resistance around 80.69, 80.86, 81.72 and 82.32 marks respectively.
- Alternatively, a sustained close below 79.59 will take the parity down towards key supports around 78.34, 77.73, 77.12, 76.82 and 76.12 marks respectively.
- Spain’s services PMI stands at 54.9 vs 53.2 previous release.
- Italy’s services PMI stands 51.1 vs 50.4 previous release.
- France’s services PMI stands at 52.4 vs 52.4 previous release.
- Germany’s services PMI stands at 52.9 vs 52.0 previous release.
- Euro Zone’s final services PMI stands at 52.8 vs 52.4 previous relase.
We prefer to go long on EUR/INR around 80.40, stop loss at 80.00 and target of 80.86/81.17.
