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CURRENCY TECHNICAL OUTLOOK

* The USD/INR futures pair has support at 79.70 levels whereas resistance is placed at 80.20 levels. The pair is expected to trade range bound until either side level is breached.

* The EUR/INR futures pair has support at 80.30 levels whereas resistance is placed at 80.60 levels. The pair is expected to find support at lower levels and trade firm above 80.60 level up to 80.80 and 81.00 levels.

* The GBP/INR futures pair has support at 94.40 levels whereas resistance is placed at 94.80 levels. The pair is expected to find support at lower levels and trade firm above 94.80 level up to 95.00 and 95.20 levels.

* The JPY/INR futures pair has support at 57.50 levels whereas resistance is placed at 57.90 levels. The pair is expected to find support at lower levels and trade firm above 57.90 level up to 58.10 and 58.30 levels.

CHART OF THE DAY

Strategy: Intraday

* EURINR pair traded with positive bias and managed to closed above upward slopping support line in the last trading session

* The pair is likely to trade with positive bias and any pullback near immediate support of 80.30 level should be taken as buying opportunity targeting 80.60 – 80.80 levels on higher side

* For Intraday session, it has support at 80.30 – 80.10 levels whereas resistance is placed at 80.60- 80.80 levels

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