Jan 12, 2017 11:20 AM IST IST | Source:

Sell EURINR: target of 71.70: Way2Wealth

Way2Wealth has come out with its report on currency. According to the research firm, one can Sell EURINR for the target of 71.70 with a stop loss of 72.50.

Way2Wealth's report on currency

After retesting the trend line resistance of 72.52 the EURINR January contract prices are trading on a lower note. On Wednesday, it opened marginally lower at 72.20 and gradually traded lower till 72.02. In the later period, it recovered marginally and finally ended at 72.09  forming Doji candlestick pattern. The pair is witnessing stiff resistance around 72.42 level of a slating trend line. head, the pair is likely trade lower and may test the rising trend line support of 71.70 levels.

Action : Sell
Entry : 72.17
Target : 71.70
Stop Loss : 72.50

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