Sell EURINR; target of : 89.40 : November 09, 2023: ICICI Direct

ICICI Direct's currency report on EURINR

The Euro recovered from early losses on Wednesday after the hawkish comments from the ECB members. The expectation of higher inflation in the Euro zone may force the ECB to hold the rates higher. The pair is likely to find support near 1.0650 and move towards 1.0750. EURINR is likely to hold the support at 88.80 and bounce back towards 89.50.

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