Risk reward ratio on shortside attracts trading prospects

Euro erased losses against greenback after the ECB kept the rates on hold.

ECB held its benchmark interest rate at 0.05% which is in line with street's expectations.

Draghi's firm stand on its asset purchase would be a booster for Euro area growth.

Upbeat US data supported greenbacks demand.

Euro gains likely to continue owing to euro zone's debt yields.

Currency Futures Trade Recommendations: EUR/INR

Short June futures of EUR/INR below 71.4086 for downside targets of 69.8183 with tight stop loss at 72.5652.

Long June Futures of EUR/INR above 72.9266 for targets of 73.4326 & 74.0109 with a strict stop loss at 71.4086.

Risk /Reward Ratio on up-side is 1.399.

Risk/reward Ratio on short-side is 0.7272.