Sell EURINR; target of : 89.10 : February 20, 2024: ICICI Direct

ICICI Direct's currency report on EURINR

Euro gained by 0.02% yesterday as hawkish comments from ECB official continued to support single currency. For today, EURUSD is likely to face the hurdle near 1.0790 level and slip further towards 1.0720 level amid strong dollar and pessimistic global market sentiments. Further, economic concerns would weigh on single currency. EURINR Feb may slip towards 88.90 level as long as it trades below 89.70 levels.

For all Currency report, click here

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