For Intraday session, EURINR has support at 82.80 - 82.60 levels - Monarch Networth Capital
CURRENCY TECHNICAL OUTLOOK
* The USD/INR futures pair has support at 80.70 levels whereas resistance is placed at 81.20 levels. The pair is expected to find resistance at higher level and trade weak below 80.70 level up to 80.50 and 80.30 levels.
* The EUR/INR futures pair has support at 82.80 levels whereas resistance is placed at 83.30 levels. The pair is expected to find support at lower level and trade firm above 83.30 level up to 83.50 and 83.70 levels.
* The GBP/INR futures pair has support at 94.60 levels whereas resistance is placed at 95.10 levels. The pair is expected to find support at lower level and trade firm above 95.10 level up to 95.30 and 95.50 levels.
* The JPY/INR futures pair has support at 57.70 levels whereas resistance is placed at 58.20 levels. The pair is expected to find support at lower level and trade firm above 58.20 level up to 58.40 and 58.60 levels.
CHART OF THE DAY
Strategy: Intraday
* EURINR pair traded with negative bias but managed to closed above upward slopping support trend line in the last trading session
* The pair is likely to trade with positive bias and any pullback near immediate support of 82.80 level should be taken as buying opportunity targeting 83.30 – 83.50 levels on higher side
* For Intraday session, it has support at 82.80 – 82.60 levels whereas resistance is placed at 83.30 – 83.50 levels
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