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CURRENCY TECHNICAL OUTLOOK

* The USD/INR futures pair has support at 82.10 levels whereas resistance is placed at 82.60 levels. The pair is expected to trade range bound until either side level is breached.

* The EUR/INR futures pair has support at 80.20 levels whereas resistance is placed at 80.70 levels. The pair is expected to find support at lower levels and trade firm above 80.70 level up to 80.90 and 81.10 levels.

* The GBP/INR futures pair has support at 92.80 levels whereas resistance is placed at 93.50 levels. The pair is expected to trade range bound until either side level is breached.

* The JPY/INR futures pair has support at 55.30 levels whereas resistance is placed at 55.90 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 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 80.20 level should be taken as buying opportunity targeting 80.70 – 80.90 levels on higher side

* For Intraday session, it has support at 80.20 – 80.00 levels whereas resistance is placed at 80.70 – 80.90 levels

CHART OF THE DAY

EURINR (DAILY CHART)

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