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CURRENCY TECHNICAL OUTLOOK

* The USD/INR futures pair has support at 79.90 levels whereas resistance is placed at 80.30 levels. The pair is expected to trade range bound until either side level is breached.

* The EUR/INR futures pair has support at 79.20 levels whereas resistance is placed at 79.70 levels. The pair is expected to find support at lower levels and trade firm above 79.70 level up to 79.90 and 80.10 levels.

* The GBP/INR futures pair has support at 91.40 levels whereas resistance is placed at 91.90 levels. The pair is expected to find support at lower levels and trade firm above 91.90 level up to 92.10 and 92.30 levels.

* The JPY/INR futures pair has support at 55.30 levels whereas resistance is placed at 55.70 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 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 79.20 level should be taken as buying opportunity targeting 79.70 – 79.90 levels on higher side

* For Intraday session, it has support at 79.20 – 79.00 levels whereas resistance is placed at 79.70- 79.90 levels

EURINR (Daily CHART)

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