Dec 02, 2016 10:51 AM IST | Source:

Sell EURINR; target of 72.90: Karvy

Karvy has come out with its currency report. According to the research firm, one can enter EURINR at 73.27-73.37; and SELL with a target of 72.90 with a stop loss of 73.48.

Karvy's research report on Currency

Euro is trading at 1. 0673, appreciating against the US dollar as the dollar rally stalled. Economic data reported from the EU was in line with expectations but all focus would be on the Italian referendum due to be held this Sunday. Expect a test of 1. 07 in the day’s session as investors continue to book profits before the key US data. Euro remains a sell on rallies going into the FOMC meeting on the 15th.

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