The USD/INR futures pair has support at 82.10 levels whereas resistance is placed at 82.50 levels - Monarch Networth Capital
CURRENCY TECHNICAL OUTLOOK
* The USD/INR futures pair has support at 82.10 levels whereas resistance is placed at 82.50 levels. The pair is expected to find resistance at higher levels and trade weak below 82.10 level up to 81.90 and 81.70 levels.
* The EUR/INR futures pair has support at 78.60 levels whereas resistance is placed at 79.30 levels. The pair is expected to find support at lower levels and trade firm above 79.30 level up to 79.60 and 79.90 levels.
* The GBP/INR futures pair has support at 87.00 levels whereas resistance is placed at 87.80 levels. The pair is expected to find support at lower levels and trade firm above 87.80 level up to 88.20 and 88.60 levels.
* The JPY/INR futures pair has support at 56.80 levels whereas resistance is placed at 57.30 levels. The pair is expected to find support at lower levels and trade firm above 57.30 level up to 57.50 and 57.70 levels.
Strategy: Intraday
* EURINR pair traded with negative bias but managed to closed above downward slopping support line in the last trading session
* The pair is likely to trade with positive bias and any pullback near immediate support of 78.60 level should be taken as buying opportunity targeting 79.30 – 79.60 levels on higher side
* For Intraday session, it has support at 78.60 – 78.30 levels whereas resistance is placed at 79.30- 79.60 levels
CHART OF THE DAY
EURINR (4-HOURLY CHART)
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