Karvy has come out with its currency report. According to the research firm, one can enter EURINR at 71.77 - 71.66; and buy with a target of 72.08 with a stop loss of 71.56.
Karvy's research report on currency
Euro is trading at 1.0685, continued to remain under pressure with the shared currency testing 1.0640 low in yesterday’s session. Political uncertainty in the EU, emerging out of the French elections that are scheduled for April 23 rd continues to keep markets on the short side of the Euro and with limited economic data to be reported today, expect another weak day for the euro. We prefer remaining on the short side of Euro for the time being.
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First Published on Feb 9, 2017 10:37 am