SolomonsView

#EURINR Buy on break of upper trendline

Long
FX_IDC:EURINR   EURO / INDIAN RUPEE
EURINR has been moving sideways with a downward bias over the last few days post the peak on Dec 3rd. The sideways move has traced an W-X-Y pattern. The pattern also resembles a 'FLAG' pattern as per classical chart analysis. Considering the previous sharp move , one can expect a continued upsurge following a break of the upper trend line

The subsequent move should cross 90

Michael @ SolomonsView

Twitter - @SolomonsView
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