Sell EURINR; target of 72.27: Karvy –

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Karvy’s currency report on EURINR

This is the daily chart of EURUSD pair, during the week the pair traded in a broader range of 1.1268 on the up side and down side 1.1159 and closed at the lower end of the day with a shooting star kind of a candle which signifies short term reversal in ongoing trend. The pair broke above the resistance of 1.1100 now that will become a strong support so for a swing trader 1.10 is strong levels to accumulate while intraday traders can utilze rise to sell the pair near 1.12 mark.

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