Feb 17, 2017 10:44 AM IST | Source:

Buy EURINR target of 71.98: Karvy

Karvy has come out with its currency report. According to the research firm, one can enter EURINR at 71.55 - 70.45; and Buy with a target of 71.98 with a stop loss of 71.35.

Karvy's research report on currency

Euro is trading at. 0675, continuing with the bounce from near the 1. 0530 level that was seen this week. There was no data from the EU yesterday expect for the monetary policy minutes and with limited data to be reported today, we expect this bounce to continue with a possibility to test 1. 07 but any higher levels should be faded in the near term.

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