Buy EURINR; target of : 89.40 : September 20, 2023: ICICI Direct

ICICI Direct's currency report on EURINR

Euro tried to go beyond the 1 .07 mark but failed to capitalise its gains after the downward revisions in the Eurozone CPI. The Euro zone CPI dipped to 5 . 2 %YoY in August . The pair is expected to rise again towards 1 .072 , as long as it holds the support of 1 .0650 . The expectation of higher PPI data from Germany could support the pair to rise above the 1 .072 mark . EURINR is likely to find support near 88 .80 and move higher towards 89 .50.

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