Feb 16, 2017 10:52 AM IST | Source:

Buy EURINR: target of 71.40 - 71.80: Way2Wealth

Way2Wealth has come out with its report on currency. According to the research firm, one can buy EURINR for the target of 71.40 - 71.80 with a stop loss of 70.70

Buy EURINR: target of 71.40 - 71.80: Way2Wealth

Way2Wealth's report on currency


EURINR Feb futures opened sharply lower in the last session and continued to fall for the whole session and made a low of 70.71. Prices have been falling in the previous few weeks after taking strong resistance at its previous bottom support level placed around 73.60.  Prices have approached previous swing lows support levels and are expected to recover from these levels towards next strong resistances placed around 71.40 and 71.80 levels.  

Action : Buy
Entry : 71.03
Target : 71.40 - 71.80
Stop Loss : 70.70

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