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CURRENCY TECHNICAL OUTLOOK

* The USD/INR futures pair has support at 82.70 levels whereas resistance is placed at 83.00 levels. The pair is expected to find support at lower levels and trade firm above 83.00 level up to 83.20 and 83.40 levels.

* The EUR/INR futures pair has support at 82.00 levels whereas resistance is placed at 82.50 levels. The pair is expected to find resistance at higher levels and trade weak below 82.00 level up to 81.80 and 81.60 levels.

* The GBP/INR futures pair has support at 95.20 levels whereas resistance is placed at 95.70 levels. The pair is expected to find resistance at higher levels and trade weak below 95.20 level up to 95.00 and 94.80 levels.

* The JPY/INR futures pair has support at 56.30 levels whereas resistance is placed at 56.90 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 and managed to closed below downward slopping resistance trend line in the last trading session

* The pair is likely to trade with negative bias and any pullback near immediate resistance of 82.50 level should be taken as selling opportunity targeting 82.00 – 81.80 levels on lower side

* For Intraday session, it has support at 82.00 – 81.80 levels whereas resistance is placed at 82.50 – 82.70 levels

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