Apr 20, 2017 11:18 AM IST | Source:

Buy EURINR; target of 69.54: Karvy

Karvy has come out with its currency report. According to the research firm, one can enter EURINR at 69.25-69.18 for target of 69.54 with a stop loss of 69.03.

Karvy's currency report on EURINR

This is the daily chart of EURUSD, during the day the pair opened at 1.0729 and made a high of 1.0736 and corrected from the higher after the European session, after it broke out above the resistance of 1.0670 a day before, the pair trading in a range of 1.0600-1.0670 for few days back and day before broke out above the 50DMA at 1.0652 and now that will likely act as a strong supports on indicator front, MACD remains on the positive crossover signaling a buy setup, traders can utilize dips to buy the pair.

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