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CURRENCY TECHNICAL OUTLOOK

* The USD/INR futures pair has support at 81.00 levels whereas resistance is placed at 81.60 levels. The pair is expected to trade range bound until either side level is breached.

* The EUR/INR futures pair has support at 83.40 levels whereas resistance is placed at 83.90 levels. The pair is expected to find support at lower level and trade firm above 83.90 level up to 84.10 and 84.30 levels.

* The GBP/INR futures pair has support at 95.30 levels whereas resistance is placed at 95.80 levels. The pair is expected to find support at lower level and trade firm above 95.80 level up to 96.00 and 96.20 levels.

* The JPY/INR futures pair has support at 57.60 levels whereas resistance is placed at 58.10 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 positive bias and managed to closed above upward slopping support trend line in the last trading session

* The pair is likely to trade with positive bias and any pullback near immediate support of 83.40 level should be taken as buying opportunity targeting 83.90 – 84.10 levels on higher side

* For Intraday session, it has support at 83.40 – 83.20 levels whereas resistance is placed at 83.90 – 84.10 levels

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