Euro-to-INR Forecast for Tomorrow, This Week, and Month (EUR/INR)
EUR/INR is a forex ticker that shows the value of the euro against the Indian rupee. It tells traders how many Indian rupees are needed to buy one euro. This is an exotic pair that is cross. It has relatively high volatility and low liquidity, so strong slippage can be seen.
When we analyze the price chart of EUR/INR, we find that it shows volatile movements in the short term and an upward wave-like chart in the long term. The economic conditions of the Eurozone affect the value of the euro and have little impact on the Indian rupee.
Overall, both the Eurozone and India are experiencing structural internal economic problems based on geopolitics and energy. There is an overall upward trend, as India’s economy is generally weaker than that of the EU.
In this blog post, we will shed light on the intricacies of the EUR to INR exchange rate and offer a comprehensive forecast for tomorrow and the week ahead.
On this page, you will find the latest information about the current price of the Euro to the Indian rupee and forecast exchange rates for tomorrow, this week, and this month.
- The technical indicator data is updated based on a specific time frame.
- EUR/INR exchange rate forecasts are updated daily.
- Price charts and the latest exchange rates are updated in real-time.
Indicator-Based Technical Analysis of EUR/INR
You can find better entry points through the indications of the technical analysis tools given below.
- “Sell” or “Strong Sell” means that most signals are bearish.
- “Buy” or “Strong Buy” means that most signals are bullish.
Keep in mind that signals may vary in different time frames. For short-term transactions, it is recommended to use settings ranging from 5 minutes to 1 hour. And if you want to hold EUR/INR for more than a week, it is recommended to use settings ranging from days to weeks.
Euro to Indian rupee forecast for tomorrow, this week, and this month
The euro-to-Indian rupee exchange rate forecast for tomorrow is 90.44 Indian rupee.
| Date | Weekday | Min | Max | Rate |
|---|---|---|---|---|
| 15/05 | Thursday | 90.71 | 93.47 | 92.09 |
| 16/05 | Friday | 90.17 | 92.91 | 91.54 |
| 19/05 | Monday | 90.92 | 93.68 | 92.30 |
| 20/05 | Tuesday | 90.43 | 93.19 | 91.81 |
| 21/05 | Wednesday | 91.4 | 94.18 | 92.79 |
| 22/05 | Thursday | 91.28 | 94.06 | 92.67 |
| 23/05 | Friday | 91.27 | 94.05 | 92.66 |
| 26/05 | Monday | 90.96 | 93.74 | 92.35 |
| 27/05 | Tuesday | 89.92 | 92.66 | 91.29 |
| 28/05 | Wednesday | 89.63 | 92.35 | 90.99 |
| 29/05 | Thursday | 89.85 | 92.59 | 91.22 |
| 30/05 | Friday | 89.7 | 92.44 | 91.07 |
| 02/06 | Monday | 90.25 | 92.99 | 91.62 |
| 03/06 | Tuesday | 89.62 | 92.34 | 90.98 |
| 04/06 | Wednesday | 88.89 | 91.59 | 90.24 |
| 05/06 | Thursday | 89.54 | 92.26 | 90.90 |
| 06/06 | Friday | 89.83 | 92.57 | 91.20 |
| 09/06 | Monday | 89.32 | 92.04 | 90.68 |
| 10/06 | Tuesday | 90.16 | 92.9 | 91.53 |
| 11/06 | Wednesday | 89.25 | 91.97 | 90.61 |
| 12/06 | Thursday | 89 | 91.72 | 90.36 |
| 13/06 | Friday | 90.27 | 93.01 | 91.64 |
| 16/06 | Monday | 91.84 | 94.64 | 93.24 |
| 17/06 | Tuesday | 92.23 | 95.03 | 93.63 |
Current EUR/INR Chart Online
US Dollar-to-INR Forecast for Tomorrow, This Week, and Month (USD/INR)
USD/INR is the forex ticker that shows the US dollar value against the Indian rupee. It tells traders how many Indian rupees are needed to buy a US dollar. This is an exotic pair that is cross. READ MORE
Latest Exchange Rates Online
What Factors Influence the EUR/INR Long-Term Price Forecast?
Key factors impacting the EUR/INR price:
1. Energy prices: India is one of the largest oil-importing countries. If oil prices increase or oil supply is not available, then inflation will increase in India. On the other hand, problems with energy supplies and the growth of prices for gas and oil affected the euro as well.
2. Prices for agricultural products: The food prices weaken the rupee.
4. Current account balance: The trade balance and current account balance of both regions (the Eurozone and India) can affect their currencies. For example, a trade surplus in the Eurozone or a trade deficit in India can affect the exchange rate.
6. Monetary Policies: Monetary policies adopted by the ECB and RBI also play an important role.
3. Macroeconomic statistics: This mainly includes GDP growth, inflation, unemployment, discount rates, imports, and exports, which can affect EUR/INR.
5. Political developments: Political uncertainty can cause currency fluctuations.
FAQs
Is the EUR/INR pair appropriate for beginners in trading?
Because it is not a frequently traded pair, the EUR/INR pair is not appropriate for novices. Compared to significant, well-known currency pairs like EUR/USD or USD/JPY, it is less liquid. The EUR/INR is regarded as a relatively volatile currency pair that is not frequently traded. Crucially, large bid-ask spreads on the EUR/INR currency pair could result in increased transaction costs.
Price Prediction Methodology
The following tools are used to make predictions:
- Technical analysis is the basic tool. This involves studying price charts and using indicators to forecast future price movements. The analysis was mostly done on medium- and long-term time frames for more accurate results.
- Fundamental analysis involves examining the financial health and market factors of a company to predict its future performance.
- Predictive modeling uses statistical algorithms to forecast future prices based on historical data.
- Forecasts are based on consensus and expert opinion.
This article is intended for informational purposes only and does not constitute investment advice. Be aware of the high volatility of the forex market and consider these risks when making investment decisions.
