Jan 11, 2017 10:54 AM IST IST | Source: Moneycontrol.com
Sell EURINR; target of 72.00: Karvy
Karvy has come out with its currency report. According to the research firm, one can enter EURINR at 72.30 - 72.38; and sell with a target of 72.00 with a stop loss of 72.46.
Euro is trading at 1.0559, unable to stay above the 1.06 mark after multiple attempts in yesterday's session. Economic data was light yesterday and remains the same for today as well for the Euro zone. US dollar sentiment will remain in the driving seat for the Euro in today's trade and Trump's speech could induce some needed volatility to force the pair to break from the recent range of 1.05 - 1.0640 .
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