Current prices are well above 7 & 21DMA that indicates uptrend seems to be continued.
So, go long along with upper at supports near 7DMA.
While, daily and are suggestive of continued buying momentum. signals continuation. We wouldn't be surprised if the pair bounces back to 76.11 levels in near terms.
We see EURINR (270416) contracts on NSE (National Stock Exchange) at 75.7775 has the highest open interest.
So it is advisable to go long in near month but stay short in mid month , unlike forex options, where contracts are traded over OTC via currency brokers, currency are traded on exchanges that provide regulation in terms of centralized pricing and clearing.