The EUR/INR futures pair has support at 81.10 levels - Monarch Networth Capital
CURRENCY TECHNICAL OUTLOOK
* The USD/INR futures pair has support at 79.70 levels whereas resistance is placed at 80.10 levels. The pair is expected to trade range bound until either side level is breached.
* The EUR/INR futures pair has support at 81.10 levels whereas resistance is placed at 81.50 levels. The pair is expected to find resistance at higher levels and trade weak below 81.10 level up to 80.90 and 80.70 levels.
* The GBP/INR futures pair has support at 95.30 levels whereas resistance is placed at 95.70 levels. The pair is expected to find resistance at higher levels and trade weak below 95.30 level up to 95.10 and 94.90 levels.
* The JPY/INR futures pair has support at 58.10 levels whereas resistance is placed at 58.50 levels. The pair is expected to find support at lower levels and trade firm above 58.50 level up to 58.70 and 58.90 levels.
Strategy: Intraday
* JPYINR 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 58.10 level should be taken as buying opportunity targeting 58.50 – 58.70 levels on higher side
* For Intraday session, it has support at 58.10 – 57.90 levels whereas resistance is placed at 58.50- 58.70 levels
GBPINR (DAILY CHART)
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