The EURINR is consolidating in a narrow range, and further moves will be seen after the range breakout - Swastika Investmart
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* Dollar slips as upbeat euro zone business activity data lifts euro
* Lula floats shared 'trading currency' during Argentina trip
* Dollar remains unloved; sterling drops on weak retail sales
CHART OF THE DAY:
OUTLOOK: The EURINR is consolidating in a narrow range, and further moves will be seen after the range breakout. Where 88.20-88.60 will be the first support area while 87.7 are the next critical support levels. On the upside, 88.90–89.00 levels have a minor hurdle; above this, we can expect 89.20.60–89.40 levels.
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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory
