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CURRENCY TECHNICAL OUTLOOK

* The USD/INR futures pair has support at 72.60 levels whereas resistance is placed at 73 levels. The pair is expected to trade weak below 72.70 levels up to 72.60 and 72.50 levels.

* The EUR/INR futures pair has support at 88.50 levels whereas resistance is placed at 89 levels. The pair is expected to trade weak below 88.60 levels up to 88.50 and 88.30 levels.

* The GBP/INR futures pair has support at 102.85 levels whereas resistance is placed at 103.65 levels. The pair is expected to trade range bound until either side level is breached.

* The JPY/INR futures pair has support at 66 levels whereas resistance is placed at 66.50 levels. The pair is expected to trade weak below 66.10 levels up to 66 and 65.85 levels

CHART OF THE DAY

Strategy: Intraday

* EURINR pair has given break down below sideways formation.

* The pair is likely to trade with negative bias and any pullback near immediate resistance of 89 level should be taken as selling opportunity targeting 88.50 – 88.30 levels on lower side.

* For Intraday session, it has support at 88.50 – 88.30 levels whereas resistance is placed at 89 – 89.20 levels.

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