Euro to INR Forecast: Today, Tomorrow, Week (EUR/INR)

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EUR/INR is an exotic pair that is cross. It has a relatively high volatility, low liquidity, which is why strong slippages may be observed. It also has a wide spread that periodically expands when news releases are published.

1

Recommendation for EUR/INR on the 15M timeframe is Strong Buy.

2

Recommendation for EUR/INR on the 1H timeframe is Strong Buy.

3

Recommendation for EUR/INR on the 1D timeframe is Sell.

The EUR/INR price chart shows an unstable movement in short-term periods and an upward wave-like chart on long-term intervals. Both regions experience structural internal economic problems, depending on geopolitics and energies. The price movement depends on which region is currently having bigger problems. This explains why certain slippages amount to 10-13% on 4-6 month time frames. Overall, India’s economy is weaker than the EU economy, which is why there is an overall upward trend. Some analysts believe that the rupee will continue to slide. Other analysts suggest that against the weakening of the geopolitical conflict in Europe and subsequent fall of oil prices, India could stop devaluation.


In our article, you will be able to learn the latest price forecasts and signals on the EUR/INR currency exchange rate for 1 hour-1 week. EUR/INR forecasts and signals are based on the technical analysis indicators.

NOTE!

On this page, you will find the latest information about current prices, updated and new forecasts for short and long-term intervals:

  • Asset quotes are updated every minute.
  • Price chart is updated every minute.
  • Technical indicator data is updated according to the time frame. For example, on M5, the data is updated every 5 minutes.
  • Medium and long-term forecasts are updated every hour.

EUR/INR forecast for 1 day, 1 week, 1 month

EUR/INR forecast by TU is prepared automatically on the basis of technical analysis of moving averages and indicators for each timeframe (interval) separately. Select the timeframe you need to find out EUR/INR price prediction for today.

NOTE!

Signals may differ on different timeframes. If you want to hold the EUR/INR for longer than 1 week/1 month, it is best to use the signals on daily and weekly timeframes. Timeframes from 5 minutes to 1 hour are best suitable for short-term transactions.

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Indicator Based Technical Analysis of EUR/INR

To find a better entry point, also find out what TradingView technical analysis tool signals for the Euro to Indian Rupee currency exchange rate. "Sell" or "Strong Sell" means that most of the signals are bearish. "Buy" or "Strong Buy" means that most of the signals are bullish. For short-term signals, it is recommended to use settings from 15 minutes to 2 hours. For long-term signals, it is recommended to use settings from 4 hours to 1 week.

EUR/INR Chart Online

What Influences EUR/INR Long-term Price Forecast

The economy of India has been experiencing problems for more than a decade. The policy of the Central Bank does not help solve the problem of imbalance of the budget and does not help curb inflation. Against devaluation of the Indian rupee, outflow of foreign capital has been observed, which aggravated the situation.


Key factors impacting the EUR/INR price:

  • Energy prices. India is one of the largest oil importers. Increase in the oil prices and unwillingness of OPEC to increase production volumes increase inflation in India. On the other hand, problems with energy supplies and growth of prices for gas and oil affected the euro as well. This explains the price waves on the chart.
  • Use of gold and currency reserves. The gold and currency reserves are used to curb inflation and, so far, this has given a positive result. Nonetheless, the Central Bank does not deny that it favors moderate inflation, as it is beneficial to exporters.
  • Macroeconomic statistics: GDP growth, inflation, unemployment, discount rates, imports and exports.
  • Prices for agricultural products. Most of the Indian population lives below the poverty line. The food prices weaken the rupee.

Also geopolitical conflicts and involvement of the EU countries and India in them have an impact on the price.

Latest exchange rates online

Price prediction methodology

The following tools and instruments were used for making the prediction:


Basic instruments of technical analysis. The forecast relies on basic technical indicators. The analysis was performed mostly on medium and long-term time frames for more accurate results.

Chart analysis. Analysis comprises a review of key levels of support, resistance, trend lines, as well as patterns formed on different time frames.

Statistical tools help evaluate a probability of a fundamental factor that could impact the price, its nature and intensity of impact.

Methods of mathematical and statistical analysis; modeling, adaptive forecasting methods.

Expert opinions and consensus forecast.

NOTE!

This forecast is based on current information and data of previous periods. Emergence of strong fundamental factors capable of radically changing the overall market trend and subsequent price trend is possible. The forecasts are updated regularly based on the latest data.

This article is created for informational purposes only and does not constitute investment advice. Be aware of the high volatility of cryptocurrencies and consider these risks when making investment decisions.

FAQs

Is the EUR/INR pair suitable for novice traders?

No. EUR/INR is a difficult-to-predict currency pair in the short-term period. It is impacted by high fundamental volatility of the European market and the policy of the Central Bank of India. The analysis is even more difficult as there is no available macroeconomic statistics on India in open sources. Novice traders are advised to choose a pair with higher liquidity and lower volatility.

What are the best strategies for trading EUR/INR?

Wave-like upward movement in the long-term period is best used in swing trading and correction trading. Trend position strategies can be used, if you have a deposit good enough to withstand deep drawdowns.

What are the risks of trading EUR/INR?

Low predictability of the policy of the Central Bank and problems of development of the European policy. Compared to the U.S., the economy of Europe is less resistant to macroeconomic factors. Problems of certain countries (problems in the banking system of Spain, Italy), energy crisis, geopolitical factors, etc., have a negative impact on the euro price.

How much can you make by trading EUR/INR?

In the past 5 years, the Indian rupee has lost 30% of its value against the euro. The annual percentage yield of a short position would have been around 6%, which is incomparable to the high level of risk. The yield is highest in the medium-term strategies with a position reversal in both directions – over 15%.