The long-term bullish structure remains intact and the pair is currently progressing within the final leg of Wave V. Price respected structural support and continues to move upward inside the long-term rising channel.
Key Support
🔹 83.70 – Major structural support
🔹 Bias remains bullish above 83.70
Upside Targets
🎯 92.77
🎯 94.82
🎯 101.10 (primary Fib + channel target zone for Wave V)
Wave & Momentum Structure
-
Wave (4) completed, entering Wave (5) of V
-
RSI holding above key trendline support – bullish continuation setup
-
Macro trend remains strongly upward while above 83.70
Trade Plan / Bias
📌 Expect more upside as long as 83.70 holds
📌 Long-term positional traders can look for opportunities on dips
📌 Watch for reactions near 92.77 – 95 and potential exhaustion near 101 zone
Sentiment
⭐ Strong macro trend
⭐ Breakouts on higher timeframe usually lead to large impulsive moves
⭐ Risk/Reward favorable above support
Disclaimer
Educational Elliott Wave analysis. Not financial advice.
https://in.tradingview.com/chart/USDINR/4p3HM5HH-USDINR-Elliott-Wave-Outlook-Monthly-03-DEC-2025/
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