Buy EURINR; target of : 91.25 : July 27, 2023: ICICI Direct

ICICI Direct, Euro is likely to trade on bullish bias amid softness in dollar. Further expectation of 25 bps hike in today’s policy meeting could support the Euro to rise back towards 1.1120.

July 27, 2023 / 11:30 IST

Rupee

ICICI Direct's currency report on EURINR

Euro is likely to trade on bullish bias amid softness in dollar. Further expectation of 25 bps hike in today’s policy meeting could support the Euro to rise back towards 1.1120. Meanwhile, traders will be waiting for more clues on the futures rate path. EURINR is expected to rise towards 91.20, as long as it trades above 90.50. Above 91.20 it would test 91.50 level.

For all Currency report, click here

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27072023 - curre

first published: Jul 27, 2023 11:30 am

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