Forex Market News

Sell EURINR; Entry At 73.07-73.14; Target Of 72.70

Euro is trading at 1.06, losing some steam from the rally that was seen yesterday. German retail sales and consumer spending recorded an impressive rebound, helping the euro rally in the European session but the gains were quickly off as the dollar rally began after the OPEC announcement . ECB chair Draghi continued to say that the economy was improving at a gradual pace. German and Manufacturing PMI data would be in focus today.
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