Jan 13, 2017 11:15 AM IST IST | Source: Moneycontrol.com
Buy EURINR: target of 73.20: Way2Wealth
Way2Wealth has come out with its report on currency. According to the research firm, one can buy EURINR for the target of 73.20 with a stop loss of 72.16.
After opening at 72.45 the EURINR pair made low of 72.30, the pair rebounded sharply and headed higher by breaching the key trend line resistance of 72.45 and finally ended at day’s high of 72.62. Going forward, the pair is likely to remain higher and the immediate resistance is at 72 .72 break above that will extend till 73.50. Hence, we recommend buying on dips around 72.50 for targets 72.80 then 73.20.
Pair : EURINR
Action : Buy
Entry : 72.50
Target : 73.20
Stop Loss : 72.16
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