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Last Updated : Feb 09, 2017 10:37 AM IST | Source:

Buy EURINR target of 72.08: Karvy

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.

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on are their own, and not that of the website or its management. advises users to check with certified experts before taking any investment decisions.

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First Published on Feb 9, 2017 10:37 am
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