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CURRENCY TECHNICAL OUTLOOK

* The USD/INR futures pair has support at 81.00 levels whereas resistance is placed at 81.50 levels. The pair is expected to find resistance at higher level and trade weak below 81.00 level up to 80.80 and 80.60 levels.

* The EUR/INR futures pair has support at 87.80 levels whereas resistance is placed at 88.20 levels. The pair is expected to find support at lower level and trade firm above 88.20 level up to 88.40 and 88.60 levels.

* The GBP/INR futures pair has support at 100.20 levels whereas resistance is placed at 100.60 levels. The pair is expected to find support at lower level and trade firm above 100.60 level up to 100.80 and 101.00 levels.

* The JPY/INR futures pair has support at 62.50 levels whereas resistance is placed at 63.00 levels. The pair is expected to trade range bound until either side level is breached.

CHART OF THE DAY

EURINR (DAILY CHART)

Strategy: Intraday

* EURINR pair traded with mild negative bias in the last trading session; but prices are trading above upward trend line.

* The pair is likely to trade with positive bias and any pullback near immediate support of 87.80 level should be taken as buying opportunity targeting 88.20 – 88.40 levels on higher side

* For Intraday session, it has support at 87.80 – 87.60 levels whereas resistance is placed at 88.20 – 88.40 levels

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