IGI Logo

CURRENCY TECHNICAL OUTLOOK

*  The USD/INR futures pair has support at 81.50 levels whereas resistance is placed at 82.00 levels. The pair is expected to trade range bound until either side level is breached.

* The EUR/INR futures pair has support at 84.80 levels whereas resistance is placed at 85.30 levels. The pair is expected to find resistance at higher level and trade weak below 84.80 level up to 84.60 and 84.40 levels

* The GBP/INR futures pair has support at 97.90 levels whereas resistance is placed at 98.30 levels. The pair is expected to trade range bound until either side level is breached.

* The JPY/INR futures pair has support at 59.10 levels whereas resistance is placed at 59.50 levels. The pair is expected to trade range bound until either side level is breached.

CHART OF THE DAY

Strategy: Intraday

* EURINR pair traded with negative bias in the last trading session

* The pair is likely to trade with negative bias and any pullback near immediate resistance of 85.30 level should be taken as selling opportunity targeting 84.80 – 84.60 levels on lower side

* For Intraday session, it has support at 84.80 – 84.60 levels whereas resistance is placed at 85.30 – 85.50 levels

To Read Complete Report & Disclaimer Click Here

Please refer disclaimer at  https://www.mnclgroup.com/disclaimer

SEBI Registration Number : INZ000043833

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer