Karvy has come out with its currency report. According to the research firm, one can enter EURINR at 71.08 - 71.16; and sell with a target of 70.70 with a stop loss of 71.25.
Euro is trading at 1.0575, losing ground against the dollar after hawkish comments from Yellen in her testimony to the US senate. German and European CPI, GDP and economic sentiment index were reported below expectations and added downward pressure on the Euro. European trade balance data on tap but the dollar would be the key driver today.
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