The EUR/INR futures pair has support at 80.50 levels whereas resistance is placed at 81.00 levels - Monarch Networth Capital
CURRENCY TECHNICAL OUTLOOK
* The USD/INR futures pair has support at 79.40 levels whereas resistance is placed at 79.80 levels. The pair is expected to trade range bound until either side level is breached.
* The EUR/INR futures pair has support at 80.50 levels whereas resistance is placed at 81.00 levels. The pair is expected to find support at lower levels and trade firm above 81.00 level up to 81.20 and 81.40 levels.
* The GBP/INR futures pair has support at 92.70 levels whereas resistance is placed at 93.20 levels. The pair is expected to find support at lower levels and trade firm above 93.20 level up to 93.40 and 93.60 levels.
* The JPY/INR futures pair has support at 57.80 levels whereas resistance is placed at 56.20 levels. The pair is expected to trade range bound until either side level is breached.
Strategy: Intraday
* EURINR pair traded with positive bias and managed to closed above upward slopping support line in the last trading session
* The pair is likely to trade with positive bias and any pullback near immediate support of 80.50 level should be taken as buying opportunity targeting 81.00 – 81.20 levels on higher side
* For Intraday session, it has support at 80.50 – 80.30 levels whereas resistance is placed at 81.00- 81.20 levels
EURINR (Daily CHART)
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