Sell EURINR: Target Of 71.70

After retesting the trend line resistance of 72.52 the EURINR January contract prices are trading on a lower note. On Wednesday, it opened marginally lower at 72.20 and gradually traded lower till 72.02. In the later period, it recovered marginally and finally ended at 72.09 forming Doji candlestick pattern. The pair is witnessing stiff resistance around 72.42 level of a slating trend line. head, the pair is likely trade lower and may test the rising trend line support of 71.70 levels. 

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