Today's EUR to INR Price Update

Summary

This report provides the real-time exchange rate between the Euro (EUR) and Indian Rupee (INR), helping traders quickly grasp market dynamics and identify potential trading opportunities.

Definition

The Euro (EUR) is one of the world’s major fiat currencies and the official currency of the Eurozone, while the Indian Rupee (INR) is the primary currency of India. The exchange rate between them reflects market sentiment regarding economic conditions in the Eurozone and India, as well as broader trends in international capital flows and currency valuations.

Today’s Price

• 1 EUR = 105.50 INR
• 24h High: 105.68 INR
• 24h Low: 105.63 INR

Market Analysis

Recent EUR/INR price movements have shown notable volatility, with the pair demonstrating a +7.59% appreciation over the analyzed period.

• Technical levels: Key support levels identified at 102.58 INR, 99.87 INR, and 95.44 INR; resistance levels require monitoring based on price action and Fibonacci retracement confluences
• Technical focus: Price action analysis combined with Fibonacci retracement levels are driving the pair’s current movement, providing key confluence points for traders
• Trading opportunities: Monitor support and resistance zones for potential entry and exit points; utilize technical confluences to develop trading strategies

Conclusion

Continue to monitor the EUR/INR pair closely, integrating technical analysis with support and resistance levels. Traders should focus on key confluence points and price action patterns to identify potential trading opportunities and manage risk effectively.